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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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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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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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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