The Essential Tasks of Third Party Market Operators/Facilitators in the Electricity Market

Brussels, 16 August 2018 (updated)| In a number of EU Member States/EEA countries, certain functions related to the operation of the electricity market, which are necessary for the electricity market to work efficiently, are carried out by non-TSO third parties rather than by TSOs. These third parties, also called “Third Party Market Operators/Facilitators”or“Delegated Operators”, and the vital roles they play,are recognised in the European Network Codes and Guidelines. The tasks performed by these third parties include, among others, imbalance calculation and settlement, data publication related to electricity balancing markets and issuing of the rules related to balancing markets. These tasks
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Categories: Position Papers.

Europex response to the CEER Public Consultation on the draft 3D Strategy and CEER 2019 Work Programme

Brussels, 9 August 2018 | Europex welcomes the efforts by the Council of European Energy Regulators to address upcoming challenges of the energy sector with a 3D strategy. An increasingly interconnected and interdependent European Internal Energy Market requires enhanced cross-border cooperation. The energy transition and digitalisation bring unprecedented challenges which the entire sector has to address. We believe that the regulatory framework should keep focusing on reducing emissions, keeping costs low and maintaining a high level of security of supply. At the same time, it should encourage innovation and change and support new opportunities stemming from these fundamental developments. A
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Categories: Consultation Responses.

Europex reactions to the CEER study on the Future Role of Gas

Brussels, 25 June 2018 | Europex welcomes the initiative from the Council of European Energy Regulators (CEER) to explore the Future Role of Gas (FROG) as well as its implications for the regulatory framework and infrastructure requirements. We share the view that gas plays a very significant role in Europe’s energy mix today and will continue to do so in the mid- and long-term. A variety of energy sources, including natural and renewable gas, will be required to meet the EU’s long-term objectives of secure, affordable and clean energy for all Europeans. Natural gas offers many advantages as a flexible
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Categories: Position Papers.

Europex recommendations ahead of the electricity market design trilogues

Brussels, 18 June 2018 | In this document, Europex provides its recommendations ahead of the electricity market design trilogues, with a focus on the Electricity Regulation and Directive. We make our recommendations in the form of a four-column table, allowing comparison between the positions of the Commission, Parliament and Council on key topics. In some instances we support the position of one of the institutions, in others we make more specific proposals. Europex believes that a continued focus on strong market principles is necessary during these important trilogue negotiations. This market design will be relevant well into the 2020s so it
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Categories: Position Papers.

European Cross-Border Intraday (XBID) Solution and 10 Local Implementation Projects successfully launched

Brussels, 14 June 2018 | European Cross-Border Intraday (XBID) Solution and 10 Local Implementation Projects successful go-live. Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) are pleased to announce that XBID was successfully launched on Tuesday 12th June. First deliveries were achieved on Wednesday 13th June. This marks a major milestone in the project and follows several years of complex and intensive development and testing. Please read the full press release below.
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Categories: All NEMOs.

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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Categories: Press Releases.

Europex supports EMIR Refit but calls for deletion of Amendment 4 in line with the overall intention to simplify and streamline

Brussels, 19 March 2018 |Europex strongly supports the EMIR Refit process and welcomes the ECON draft report as well as the intended simplification of reporting obligations and improvement of data quality. We especially value the aim to achieve a reduction of costs for market participants and to extend the possibilities of choice for clearing members. However, we are highly concerned about Amendment 4 as tabled on 26 January 2018 in the Langen draft report. We fear that the amendment, which states that: ‘The CCP should report to the TR specified by the counterparty. Clearing members and their clients should be
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Categories: Position Papers.

The need to simplify and streamline reporting obligations under EMIR, MiFID II/MiFIR and REMIT – Europex response to Commission fitness check on supervisory reporting

Brussels, 14 March 2018 | Europex welcomes the opportunity to take part in the “fitness check on supervisory reporting” of the European Commission and to discuss the effectiveness and efficiency of existing EU-level supervisory reporting requirements. We deeply believe in the simplification and streamlining of regulatory reporting. Electricity and gas derivative contracts are covered by reporting obligations stemming from four pieces of legislation: namely EMIR, MiFID II/MiFIR, REMIT and MAR. This constitutes a heavy reporting burden for energy exchanges and clearing houses as well as for market participants. Consequently, there is a need to streamline the requirements in order to
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Categories: Consultation Responses.

Europex response to the consultation on the ‘First Edition Bidding Zone Review’

Brussels, 9 March 2018 | Europex’ response is divided into two parts. Comments on the content of the draft report for public consultation are provided first, followed by comments concerning the process of the First Edition Bidding Zone review. 1. Feedback on the First Edition Bidding Zone Review: Draft report for public consultation Selection of expert-based bidding zone configuration: Configuration selection is a vital part of the review, which defines the framework of the study. The selection of the four alternative expert-based configurations developed by the TSOs is described in section 4.1, taking each scenario in turn. It is explained
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Categories: Consultation Responses.

RED II: Auctioning GOs for supported energy brings wider system benefits and ensures alignment with EU State Aid rules

Brussels, 15 February 2018 | Guarantees of Origin (GOs) are valuable tools for tracking and documenting both renewable and conventional energy. Europex has already put forward several proposals for the further development of the GO market in the context of the review of the Renewable Energy Directive (RED II). Following the publication of the Council’s General Approach on RED II and the ITRE report adopted by the European Parliament, there have been diverging stakeholder positions on how to ensure that renewable energy producers receiving financial support do not receive double compensation under the GO system (Article 19 of RED II).
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Categories: Position Papers.