EUROPEX

EUROPEX elects new Chairman: José Carvalho Netto, Chairman and CEO of OMIE S.A. and OMIP S.G.M.R., S.A. and welcomes three new members: CEGH A.G. (Austria), OKTE S.A. (Slovakia) and SEMO (Ireland)

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. See more...

22 Nov 2011

EUROPEX submits "A Flexible Intraday Cross-Border Trading Scheme for Europe" to the European Commission, Regulators and Transmission System Operators.

In addition to the Price Coupling of Regions (PCR) for day-ahead, EUROPEX is also committed to offer an efficient solution for intraday cross-border trading applying for Europe that takes into account the differences between the day-ahead and the intraday cross-border target models as well as the evolving market needs. For that purpose, Europex reaffirms its support to implement a pan-European Flexible Intraday Cross-Border Trading Scheme, consisting in a Shared Order Book (SOB) performing continuous cross-border implicit intraday matching, and a Capacity Management Module (CMM) allocating the cross-border intraday capacity on a continuous manner, with the aim of having an interim solution by 2012 and an enduring solution consistent with the Target Model by 2014.

The approach proposed by EUROPEX has the potential to provide a solution for the Interim Model and a clear path for a smooth transition towards the Target Model. See more...

24 June 2011

New image, new website, the same meaning!

EUROPEX changes its acronym from Association of European Power Exchanges to Association of European Energy Exchanges. EUROPEX is involved in power, gas and environmental markets and follows discussions on transparency and market integrity of wholesale spot and derivative markets. It has changed its logo and improved the website to reflect current activities and its vision and to better inform online visitors.

The newly redesigned website offers a fresh new look that technically provides online visitors with significant improvements in navigation and easier accessibility of information. Some of the main features are the visibility of the activities developed by the four different working groups and the possibility for the users to register for our newsletters and to contact the secretariat through the website. See more...

14 Mar 2011

EUROPEX fully supports the conclusions of the 19th Florence Electricity Regulatory Forum with regard to Intraday Market

The Forum called for all stakeholders to ensure that intraday solutions were compatible with the wider European target model solution. To this end a Shared Order Book Function (SOBF) and Capacity Management Module (CMM) should be developed and implemented by end 2012. The intraday target model is to be specified in the Capacity Allocation and Congestion Mmanagement framework guideline developed in early 2011, followed by a network code. The Forum supported this being a European platform. with this respect,  the European Commission has convened a meeting on 16th February 2011 in Brussels with EUROPEX, ERGEG and ENTSOE where the key barriers to the implementation of the roadmap for intraday were addressed with a view to achieving a clear result in the first quarter of 2011.

EUROPEX highlighted that there remain outstanding issues regarding the design of the CMM and SOBF to meet the Target Model requirements. These need to be addressed, and EUROPEX is willing to play a full part in this design process, leading up to the next Forum.  The governance of the cross-border intraday market arrangements should reflect the nature of the roles and responsibilities of the parties. To avoid unnecessary delay, the governance and operational arrangements should minimise change to existing local arrangements as much as possible. Furthermore, there are currently several other barriers to effective cross-border market integration which need to be addressed – e.g.: non harmonised nomination processes and deadlines, lack of capacity on some borders.

16 Feb 2011