Europex Feedback on the Inception Impact Assessment on the Digital Levy

Brussels, 10 February 2021 | Europex supports the Commission’s overall objective to ensure a fair taxation of the digital economy in line with the wider G20 and OECD discussions and welcomes the opportunity to comment on the scope of the initiative. As stated in the Inception Impact Assessment (IIA), it is important that the Commission accurately determines the scope and definition of digital activities, transactions and entities subject to the digital levy. This is a crucial part of the preparatory work for a legislative proposal, considering the great variety of business models and companies active in the digital economy. While
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Categories: Consultation Responses.

Europex response to the review of RED II on the promotion of the use of energy from renewable sources

Brussels, 9 February 2021 | Europex welcomes this opportunity to contribute to the Commission consultation of the Review of RED II on the promotion of the use of energy from renewable sources. In this paper we extract critical points raised in the consultation questionnaire that underpin the need to modify RED II and explain how such a review will support the integration of renewable energy sources while minimising unnecessary market distortions. RED II needs to be modified to align it with the clear market-based approach taken by the Electricity Regulation and Directive and with the cost-efficient decarbonisation objectives of the
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Categories: Consultation Responses.

Europex Consultation Response: Updating the EU Emissions Trading System

Brussels, 4 February 2021 | Europex welcomes the opportunity to participate in the Commission’s public consultation to update the EU Emission Trading System (EU ETS) and align it with the increased decarbonisation targets. The EU ETS is Europe’s most successful policy to combat climate change and the key carbon pricing instrument to reduce greenhouse gas (GHG) emissions at least cost. To this end, it is important to ensure that this revision strengthens the role of the EU ETS and continues to commit to strong market principles that safeguard the undistorted price signals, efficiency, transparency and liquidity of the emissions market.
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Categories: Consultation Responses.

Public Consultation for the Revision of the Guidelines on State aid for Environmental protection and Energy 2014-2020 (EEAG)

Brussels, 7 January 2021 | Europex recognises the need to review the EEAG guidelines in the context of the European Green Deal initiatives and the objective of achieving climate neutrality by 2050. The revised guidelines should build on the clear market design framework as set out in the Clean Energy Package and take particular care to avoid undue distortions of competition in the Internal Energy Market. Despite the high fixed cost structure of renewables as well as the need for predictable revenue streams, market-based remuneration of renewables in the energy market offers the most cost-efficient way of achieving decarbonisation, especially
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Categories: Consultation Responses.

Minimum carbon pricing is distortive and not needed – why free price formation should remain a cornerstone of the EU ETS’ volume-based cap-and-trade mechanism

Brussels, 30 November 2020 | The EU Emissions Trading System (EU ETS) is a cornerstone of the EU’s policy to combat climate change and the key carbon pricing instrument for reducing greenhouse gas emissions cost efficiently. While the main variant in terms of carbon pricing is a cap and trade system such as the EU ETS, other variants exist. The concept of a carbon price floor, for example, is regularly advertised as a way to improve investment certainty by reducing carbon price risk, decreasing the cost of capital and facilitating access to finance. Additionally, the price floor argument has been
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Categories: Position Papers.

Europex Feedback to the Amendment of the EU Emissions Trading System Inception Impact Assessment

Brussels, 26 November 2020 | Europex welcomes the Commission’s initiative to review the EU Emissions Trading System (EU ETS) to align it with the increased decarbonisation climate targets for 2030 and net zero by 2050. The emissions and energy markets will be key in delivering on Europe’s climate ambitions and scaling up innovative low-carbon technologies as well as renewable energy sources for electricity (RES). As Europe’s most successful policy to combat climate change, the EU ETS is the right tool to incentivise emissions reductions where they are most efficient and to promote investments in clean technologies, providing consistent carbon pricing
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Categories: Consultation Responses.

Moving towards full market integration of renewables – the most cost-efficient way to decarbonise the energy sector

Brussels, 20 November 2020 | Significant deployment of renewable energy sources (RES) is required to achieve the EU 2050 net zero target proposed in the Green Deal as well as the raised ambition of the EU 2030 targets. The recently published EU Offshore Renewable Energy Strategy sets out the scale of the challenge, estimating that an installed capacity of at least 300 GW of offshore wind alone will be needed by 2050. Energy markets will be vital to help achieve this scale-up at an acceptable cost. Despite the high fixed cost structure of renewables as well as the need for
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Categories: Position Papers.

Public consultation on the ACER study on efficient price formation and easy market entry and participation for new players and smaller actors in electricity markets

Brussels, 1 November 2020 | The objective of this consultation is to gather views and information from stakeholders regarding the ongoing ACER study on efficient price formation and easy market entry and participation for new players and smaller actors in electricity markets, developed in accordance with Article 15 of Regulation (EU) 2019/942. Europex welcomes the opportunity to provide input to the process of identifying barriers and developing indicators. We provide below our responses to selected questions in the consultation.
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Categories: Consultation Responses.

Europex response to ACER and ENTSOG consultation on EU Gas Balancing Suspected Misconduct

Brussels, 19 October 2020 | Europex fully supports effective implementation of the BAL NC which lays the foundation for market-based balancing. We therefore welcome the process initiated by ACER and ENTSOG to tackle balancing misconduct and mitigate the risk of defaulting network users. In the attached document we provide our responses to the consultation questions as contained in the consultation document.
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Categories: Consultation Responses.