Brussels, 12 February 2020 | MIBGAS S.A., the Iberian Gas Exchange, has joined Europex as a full member as of today. The activities of MIBGAS are designed to increase competition within the gas sector, increase security of supply for consumers and foster liquidity by ensuring non-discriminatory and equal access to the gas market in the Iberian Peninsula. Spot and prompt products are traded on MIBGAS, including within-day, day-ahead and month-ahead natural gas contracts, all with physical delivery at the Iberian virtual balancing point (PVB or Punto Virtual de Balance). Non-financial derivatives with a time horizon beyond month ahead are traded
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Archives for Press Releases
MEMO joins Europex as Associate Member
Brussels, 18 December 2019 | MEMO Ltd, the National Electricity Market Operator of North Macedonia, has joined Europex as an Associate member as of today. MEMO was formally established on 31 July 2018 and started operations on 1 October 2019. MEMO has been tasked with establishing an electricity spot exchange (day-ahead and intraday) for North Macedonia and is in the process of becoming a Nominated Electricity Market Operator (NEMO) for future market coupling operations with neighbouring countries. It already carries out various tasks of a ‘delegated operator’, e.g. imbalance settlement calculations and invoicing. In addition, it acts as the single
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Ukrainian Energy Exchange (UEEX) joins Europex as Associate Member
Brussels, 23 October 2019 | UEEX, the Ukrainian Energy Exchange, has joined Europex as an Associate member as of today, 23 October 2019. Founded in 2010, UEEX operates markets in electricity, natural gas, oil and gas condensate, liquefied gas, coal products, raw materials and other products. It offers long- and short-term trading as well as clearing solutions. UEEX is active in Ukraine, which is a Contracting Party to the Energy Community Treaty and commited to implementing all relevant EU energy legislation, to develop an adequate regulatory framework and to liberalise their energy markets. With UEEX, Europex now consists of 28
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Europex General Assembly elects new leadership team for 2020-2021
Brussels, 30 September 2019 | The Europex General Assembly, during a regular meeting in Zadar, Croatia, on 27 September 2019, held elections for the upcoming 2020-2021 mandate. Pieter Schuurs, President and COO of ICE Endex, was re-elected as Europex Chairman and will serve his second full term. Borut Rajer (Director of Operations, Borzen), Erling Thiis (CFO, Nord Pool), Jonas Törnquist (COO and Member of the Management Board at EPEX SPOT) and Artur Trindade (President of OMIE and Chairman and CEO of OMIP) will also continue in their roles as Board members. Piotr Zawistowski (President of the Management Board, TGE) was
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SPIMEX joins Europex as Associate Member
Brussels, 1 July 2019 | SPIMEX, the Saint Petersburg International Mercantile Exchange, has joined Europex as an Associate member as of today, 1 July 2019. Founded in 2008, SPIMEX is Russia’s largest commodity exchange, offering spot and derivatives trading for a broad range of products. Commodities traded on the exchange include refined oil products, crude oil, natural gas, LPG, timber and construction materials. The exchange’s mission is to operate a transparent, fair and efficient price formation mechanism for Russian commodity markets. With this latest addition, Europex now counts 27 members.
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Europex welcomes strengthened role for long- and short- term markets under new EU electricity market design rules
Brussels / Strasbourg, 26 March 2019 | Europex, the Association of European Energy Exchanges, welcomes today’s adoption of the four remaining files of the Clean Energy for All Europeans package by the plenary of the European Parliament. These concern the recast Electricity Regulation and Directive, the Regulation on risk-preparedness in the electricity sector and the recast ACER Regulation. This new framework represents significant progress towards the further integration of the EU Internal Energy Market. In the following, we would like to highlight four major improvements: 1. A strengthened role for electricity wholesale markets, based on the principle of free price
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Europex General Assembly elects Jonas Törnquist as new Board Member and makes its farewell to Jean-François Conil-Lacoste
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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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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Europex General Assembly calls for strong market focus during Clean Energy Package market design trilogues
Brussels, 23 May 2018 | At its annual meeting on Friday last week, 18 May 2018, in Paris, France, the Europex General Assembly discussed the current state of the Clean Energy for All Europeans package with a special emphasis on market design aspects. Considering the general direction of the current debate and the remaining differences between the Commission’s legislative proposal, the European Parliament’s report and the Council’s general approach, the members of the Europex General Assembly agreed that market principles need to be put back in focus during the trilogue negotiations starting in July. While there are a multitude of
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Joint statement by Eurelectric, Europex, WindEurope and EFET: Regulated retail prices
Brussels, 6 February 2018 | For the attention of the European Parliament and Council The Clean Energy for All Europeans Package provides a unique opportunity to empower European energy consumers. It enables them to be more involved in the electricity system whilst ensuring that vulnerable consumers are not left behind. Consumers will only be empowered through a combination of measures – such as efficient price signals, certified comparison tools and easy switching. Should retail prices continue to be regulated in some Member States, the benefits brought by the Clean Energy Package would be severely weakened. Regulating retail prices impedes consumers from
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