Brussels, 12 October 2018 | Related to the announced end of his mandate as Chairman and CEO of EPEX SPOT on 13 October 2018, Jean-François Conil-Lacoste will simultaneously resign from his current role as Europex Board member in which he has served since May 2016. On behalf of Europex and its members, Pieter Schuurs, Europex Chairman, thanked Jean-François Conil- Lacoste for his active involvement and dedication for the Association of European Energy Exchanges over the past sixteen years. In this context, he highlighted that “Jean-François was one of the six founding members of Europex back in 2002 when EU energy
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Electricity market design – Europex positions on the Electricity Regulation, Electricity Directive and the ACER Regulation
Brussels, 11 October 2018 | The trilogue negotiations for the electricity market design files (the draft recasts of the Electricity Regulation, Electricity Directive and ACER Regulation) are well under way. At this stage it is crucial that all parties can agree on workable solutions grounded in market realities. Overall, this is an opportunity to ensure that wholesale markets are efficient, accessible and are ready to meet the challenges of the energy transition. This paper raises five aspects emerging from the negotiations so far which we believe are necessary to address or maintain. A comparison of the positions of the Commission,
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Europex response to the Commission consultation on the strategy for long-term EU greenhouse gas emissions reductions
Brussels, 9 October 2018 | Europex, the Association of European Energy Exchanges, welcomes the opportunity to participate in the present forward-looking consultation. In our response, we would like to underline the importance of stable and predictable energy and climate policies in the mid-century perspective. The development of a strategy for long-term EU greenhouse gas emissions reduction is an important step in this process and should provide guidance for short- and mid-term action. The fight against climate change, the energy transition and the need for cost-efficient decarbonisation brings unprecedented challenges which the entire energy sector and society at large have to
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Tackling VAT fraud: Europex welcomes the extension of the domestic reverse charge mechanism for electricity, gas and emissions trading
Brussels, 2 October 2018 | Europex welcomes today’s ECOFIN Council decision to extend the derogation in Article 199a of the VAT Directive which allows Member States to apply the domestic reverse charge mechanism (DRCM) to transactions in electricity, gas and emission allowances until 30 June 2022. The domestic reverse charge mechanism is a vital tool to help prevent missing trader intra- community fraud in highly liquid energy and emissions markets in Europe. The extension, as set out in the Commission’s legislative proposal of 25 May 20181, ensures that Member States can continue to apply the domestic reverse charge mechanism in
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