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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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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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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Europex response to the proposed revisions of the ACER Regulation: a need for clarity and consistency
Brussels, 19 October 2017 | The proposal for the recast ACER Regulation and the revised Council text positively recognise the important contribution energy exchanges make towards a more integrated electricity market. However, Europex underlines the need for more precision on new ACER powers to oversee Nominated Electricity Market Operators (NEMOs), who perform market coupling operations. The recast Regulation should also ensure consistency with the recast Electricity Regulation and the Network Codes and Guidelines already in place. With this in mind, and as the text is further discussed in the European Parliament and the Council, Europex highlights three key points: Clearer
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Updating and improving EMIR – Europex comments on Commission’s EMIR amendment proposal
Brussels, 13 October 2017 | Europex welcomes the European Commission’s recently tabled EMIR amendment proposal that is currently being discussed by the European Parliament and the Council. We strongly support its aim to simplify reporting obligations and improve data quality. We believe that the proposal takes the right approach by reducing the burden on Non- Financial Counterparties (NFCs) and smaller Financial Counterparties (FCs). We explicitly share the goal to increase transparency with respect to clearing and reporting. In the following, we would like to comment on four key aspects of the Commission’s proposal: 1. Single-sided reporting by Central Counter Parties (CCPs)
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RED II: the benefits of auctioning GOs for supported energy & why auctions will help improve the system
Brussels, 9 October 2017 | New rules for Guarantees of Origin (GOs) for energy produced under RES support schemes are one important novelty of the Commission’s proposal for a recast of the Renewable Energy Directive, an integral part of the Clean Energy for All Europeans package. The proposed amendment to Article 19 stipulates that no GOs shall be issued for energy receiving financial support from a support scheme, such as a feed-in tariff system. Instead, Member States shall issue such GOs and introduce them to the market through auctions. The revenues raised by the auction shall be used to offset
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