EUROPEX

EUROPEX members, in their General Assembly of 22/11/2011 in Brussels, have elected José Carvalho Netto, Chairman and CEO of both OMIE S.A. (the Spanish Management Company operating the Iberian Spot Market) and OMIP S.G.M.R., S.A. (the Portuguese office of the Iberian Market Operator for Forward Market) as Chairman of EUROPEX and will chair the Association, according to its statutes, for a two years term, starting in January 2012.

The General Assembly also warmly welcomes Central European Gas Hub AG (CEGH AG) of Austria, Slovak Power Exchange (OKTE S.A.) and Single Electricity Market Operator (SEMO) of Northern Ireland and the Republic of Ireland as new full members of EUROPEX as of today.

Functioning markets need balanced supply-demand drivers as well as standardization and ease of trading. Currently, demand is driven by various national specifics and to a lesser extent by voluntary demand by consumers. Due to the eligibility of all renewables, irrespective of size and plant age, supply and demand are not balanced. The new Directive goes further regarding standardization, but does not provide with harmonized scheme and tools...

EUROPEX members, in their General Assembly of 9th May in Lisbon, unanimously took note of the progress achieved so far by the Price Coupling of Regions (PCR) project and reconfirmed their support to this challenging project.