Archives for Press Releases

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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The entry into application of MiFID II / MiFIR: the start of a new era of European energy commodity derivatives trading

Brussels, 3 January 2018 | Today’s entry into application of the revised Markets in Financial Instruments Directive (MiFID II) and its accompanying Regulation (MiFIR) marks a major milestone in European energy commodity trading. The great majority of gas and electricity derivative contracts as well as all EU ETS emission allowances are now classified as financial instruments – along with all other commodity derivatives. New rules for market venues, like energy exchanges, where these financial instruments are traded, apply along with numerous other changes affecting market participants and market infrastructure providers.   Please read the full statement below.
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“Delivering the benefits of efficient wholesale energy markets to European consumers” – EFET and Europex hold joint policy lunch hosted by Martina Werner, MEP

Brussels, 5 December 2017 | On Tuesday 28 November 2017, EFET and Europex held a common policy lunch on “Delivering the benefits of efficient wholesale energy markets to European consumers”, hosted by MEP Martina Werner at the European Parliament in Brussels, Belgium. The event featured a panel discussion on the Clean Energy for All Europeans Package. Both the host, Martina Werner, MEP, and the special guest speaker Oliver Koch, Deputy Head of Unit, DG ENER, focused their remarks on the central role of electricity wholesale markets. Jérôme Le Page, Manager for European Electricity Markets at EFET, and Rickard Nilsson, Head
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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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Europex General Assembly elects Chairman, Board members and Heads of Working Groups for upcoming 2018-2019 mandate

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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