Europex response to Commission consultation on the Draft Final Report of Everis/Mercados Study on Regional Initiates

Brussels, 12 February 2010 |Europex welcomes the opportunity offered by the EC to comment on and provide input to the “Draft Final Report – From Regional Market to a Single European Market”. Power exchanges are major actors and are the vital vehicle toward the development of the integrated energy market. Europex members are committed to the objective of creating a more transparent, efficient and integrated energy market. Europex  notes that the Mercados’ Report has been drafted without consultation of all relevant stakeholders, in particular Power Exchanges (PXs). This lack of consultation is surprising, since PXs are officially involved in two out of the three main bodies of decision and discussion of the Regional Initiatives (Implementation Groups and Stakeholder Groups), and European consultation forum (Project Coordination Group – PCG- and now the Ad-Hoc Advisory Group on Market Integration – AHAG).

As experienced stakeholders in the Regional Initiatives, and all market integration projects in general, PXs would surely have contributed positively to the conclusions of the Report, and may have helped avoiding some inaccuracies of the Report, in particular in respect to the description of the Market Coupling “reference model”. Some other propositions of the Report are quite radical and far-reaching, in particular in terms of institutional analysis, and are not fully reflective of the PCG conclusions presented in the last Florence Forum of December 2009 – our present response will go deeper on that matter. On all these subjects,EurEPEX has always been active in contributing to the discussions related to the Regional Initiatives (examples include the Europex Response to ERGEG’s ERI Convergence and Coherence Report, Sept. 2007).

Please find the whole consultation response attached.