Europex response to ACER’s public consultation on the “Proposed Changes to Electronic Formats for Transaction Data, Fundamental Data and Inside Information Reporting”

Brussels, 8 November 2017 | Europex welcomes the opportunity to take part in ACER’s public consultation on the Proposed Changes to Electronic Formats for Transaction Data, Fundamental Data and Inside Information Reporting. As a matter of principle, Europex supports the effort of ACER to enhance data quality for monitoring purposes and to implement a simplification of the reporting format. Despite these improvements, however, we would like to highlight that any change(s) to the already established reporting format will: create implementation costs which will be passed on to market participants and end consumers; increase system operation risks; potentially affect the reliability
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Categories: Consultation Responses.

“Delivering the benefits of efficient wholesale energy markets to European consumers” – EFET and Europex hold joint policy lunch hosted by Martina Werner, MEP

Brussels, 5 December 2017 | On Tuesday 28 November 2017, EFET and Europex held a common policy lunch on “Delivering the benefits of efficient wholesale energy markets to European consumers”, hosted by MEP Martina Werner at the European Parliament in Brussels, Belgium. The event featured a panel discussion on the Clean Energy for All Europeans Package. Both the host, Martina Werner, MEP, and the special guest speaker Oliver Koch, Deputy Head of Unit, DG ENER, focused their remarks on the central role of electricity wholesale markets. Jérôme Le Page, Manager for European Electricity Markets at EFET, and Rickard Nilsson, Head
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Categories: Press Releases.

Europex response to ENTSO-E’s public consultation on Key Organisational Requirements, Roles and Responsibilities (KORRR)

Brussels, 1 December 2017 | Europex has submitted its response to ENTSO-E’s public consultation on the All TSOs’ proposal for the Key Organisational Requirements, Roles and Responsibilities (KORRR) relating to Data Exchange in accordance with Article 40(6) of the Commission Regulation (EU) 2017/1485 of 02 August 2017 establishing a Guideline on Transmission System Operation (SO GL). Europex suggests deleting Article 19 of the present proposal. We understand the approach to mention all involved parties in the data exchange process. However, the obligation for NEMOs to share market results and cooperate with TSOs is already stipulated in other EU legislation, including
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Categories: Consultation Responses.

Joint IETA, EFET, Europex and ISDA open letter to the Climate Change Committee Members and Experts on Brexit safeguard measures

Brussels, 15 November 2017 | In an open letter to the members and experts of the Climate Change Committee, the International Emissions Trading Association (IETA), the European Federation of Energy Traders (EFET), Europex and the International Swaps and Derivatives Association (ISDA) have expressed their views on the draft regulation amending the EU ETS Registry Regulation (Regulation No 389/2013). This draft regulation aims to implement safeguards to protect the EU ETS from potential negative effects of a hard Brexit. It aims at marking and making ineligible for compliance EU ETS allowances issued by the United Kingdom from 1 January 2018. IETA, EFET, Europex
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Categories: Position Papers.

The Essential Tasks of Third Party Market Operators in the Electricity Market

Brussels, 15 November 2017 | In a number of EU Member States/EEA countries, certain functions related to the operation of the electricity market, which are necessary for the electricity market to work efficiently, are carried out by non-TSO Third Parties rather than by TSOs. These Third Parties, hereafter called Third Party Market Operators/Facilitators, and the vital roles they play, are recognised in the European Network Codes and Guidelines. The tasks performed by these Third Parties include, among others, imbalance calculation and settlement, data publication related to electricity balancing markets and issuing of the rules related to balancing markets. These tasks
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Categories: Position Papers.

NEMOs submit revised proposals on methodologies for Day Ahead and Intraday algorithms

13 November 2017 On Monday 13th November 2017 the NEMOs (Nominated Electricity Market Operators) submitted revised proposals on methodologies around the intraday and day-ahead algorithms and related products, as well as backup methodologies, in accordance with the requirements of the CACM (Capacity Allocation and Congestion Management) Regulation. National Regulatory Authorities (NRAs) have two months to approve or reject the proposals. NEMOs did not submit a revised proposal on minimum and maximum clearing prices, as this was referred to ACER (Agency for the Cooperation of Energy Regulators) by the NRAs over the summer. NEMOs expect a decision from ACER soon. Please find the
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Categories: All NEMOs.

Joint statement by EFET, Europex, FIA and LEBA: EFET and FIA develop an industry standard to facilitate position reporting under MiFID II

Brussels, 8 November 2017 |The European Federation of Energy Traders (EFET), FIA, Europex and LEBA are pleased to present the common EFET-FIA ITS4 schema for position reporting under the recast Markets in Financial Instruments Directive (MiFID II). The schema is available here: http://www.efet.org/Files/Documents/Market%20Supervision/MiFID%20II/Enhanced%20ITS4 %20schema_25092017_Definitive.zip. The EFET-FIA ITS4 schema is the result of close cooperation between EFET, FIA, Europex, LEBA and a number of trading venues. It builds upon the schema developed by the UK Financial Conduct Authority (FCA) on the basis of Implementing Technical Standard 4 (ITS4) drafted by the European Securities and Markets Authority (ESMA) and adopted by the
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Categories: Press Releases.

Europex General Assembly elects Chairman, Board members and Heads of Working Groups for upcoming 2018-2019 mandate

Brussels, 31 October 2017 | At a regular meeting on 27 October 2017 in Brussels, Belgium, the General Assembly of Europex elected a new Board and the Heads of the four Working Groups for Power Markets, Gas Markets, Environmental Markets and Financial Regulation, Integrity and Transparency for the next two-year mandate from 2018–2019. Following the elections, Pieter Schuurs (President & COO, ICE Endex) will remain Chairman of the Board while Jean-François Conil-Lacoste (CEO, EPEX SPOT) and Egbert Läge (CEO, Powernext) will continue in their roles as Board members. Borut Rajer (Director of Operations, Borzen), Erling Thiis (CFO & acting CEO,
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Categories: Press Releases.

Strengthening the regional approach to system operation to boost renewables’ integration. Joint statement by Client Earth, EFET, Eurelectric, Europex, RAP, SEDC, SolarPower Europe and Wind Europe

Brussels, 26 October 2017 | Europe needs to integrate ever-growing shares of renewable energy sources into the wholesale power market. This path is a no brainer for Europe and for the signatories of this statement. Today however, a number of hurdles are in the way of reaching this goal. This is in particular the case for cross-border capacity allocation. ACER data has clearly shown that less than 50% of the “benchmark capacity” was offered to the market in 2016 and that, on a large range of EU borders, the part of the “benchmark capacity” offered to the market was even
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Categories: Position Papers.

Europex response to the Council Revision of the Electricity Regulation and Directive (recasts) – Improvements still needed to achieve efficient markets

Brussels, 24 October 2017 | Europex supports the efforts of the Council to increase clarity on certain market design aspects in the proposed recasts of the Electricity Regulation and Directive. As previously set out in our position paper of 9 Aug. 2017, Europex believes the Commission proposals broadly recognise the importance of enabling well-functioning wholesale markets and strong market price signals in all Member States. However, as the texts are further discussed in the Council and the European Parliament, Europex calls for the following important points to be taken into account: Full and equal balancing responsibility for renewables Recognition of
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Categories: Position Papers.