Europex response to the CEER Public Consultation on Regulatory Challenges for a Sustainable Gas Sector

Brussels, 17 May 2019 | Europex is pleased to contribute to the present consultation on a sustainable gas sector and welcomes the associated stakeholder dialogue. We are convinced that gas will continue to play an important role in the future energy mix as a flexible source of energy, able to compensate for the growing share of intermittent renewable sources and to act as a large-scale energy carrier. In view of the EU’s 2030 and 2050 climate and energy goals, it is clear that the gas sector will have toundergo a transformation process and that renewable and decarbonised gases will play
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Categories: Consultation Responses.

Europex response to the Commission consultation on the revision of the EU ETS state aid guidelines

Brussels, 16 May 2019 | The EU ETS plays a vital role as the EU’s primary instrument for reducing greenhouse gas emissions cost-effectively while incentivising innovation and change. Importantly, well-functioning emissions markets, as part of a clear and stable climate policy framework, provide long-term predictability for companies. Keeping to such a clear framework will not only minimise the risk of carbon leakage but create additional investments and opportunities in Europe. Hence, while they may be considered necessary to tackle the risk of carbon leakage as a consequence of the transnational EU ETS, national measures to compensate sectors at particular risk
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Categories: Consultation Responses and General.

Europex response to the CEER Public Consultation on Dynamic Regulation to Enable Digitalisation of the Energy System

Brussels, 14 May 2019 | The CEER Consultation Paper on Dynamic Regulation to Enable Digitalisation of the Energy System elaborates on the implications of digitalisation for the energy sector and for consumers in particular. It considers the changes that may be needed to empower and unlock the benefits of digitalisation for consumers and to protect them against the risks. Selected highlights from the Europex response to the consultation are included below. B1. What impact do you consider that digitalisation will have on the energy system and which are the most important? Digitalisation will enable the emergence of new business models
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Categories: Consultation Responses.

The “Road from Sibiu”: making use of markets for a cost-efficient and innovation-driven transition to full climate neutrality by 2050

Brussels, 9 May 2019 | Today, a long and intense debate on the “Future of Europe” that started two years ago in Rome comes to a close at a European Council summit in Sibiu. One of the key topics of this strategic exchange has been Europe’s future climate and energy policy, notably with regard to the EU’s Clean Planet for All strategy and the overall United Nations Framework Convention on Climate Change process. In this context, we call upon the European leaders gathered today in Sibiu to keep up with their Paris commitments and to include a strong recognition of
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Categories: Position Papers.

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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Categories: Press Releases.

Europex feedback at intermediate stage of Commission study on sector coupling

Brussels, 20 March 2019 | Europex, the Association of European Energy Exchanges, welcomes the opportunity to provide feedback at this intermediate stage of the Commission study on “Potentials of sector coupling for decarbonisation – Assessing regulatory barriers in linking the gas and electricity sectors in the EU”. A cross-sectoral approach, including electricity and gas both conventional and renewable, is necessary in order to develop more system flexibility, to free up unused cross-sectoral potential and to increase the coordination and competitiveness between the gas and electricity sectors. Developing and enhancing this potential is a pre-condition for successfully implementing the energy transition
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Categories: Consultation Responses.

Europex response to the BMF consultation on MiFID II experiences

Brussels, 15 March 2019 | Europex, the Association of European Energy Exchanges, welcomes the opportunity to contribute to the present consultation on MiFID II / MiFIR experiences1. In the following, we would like to share our concerns on three main aspects: 1) pre-trade transparency requirements for commodity derivatives, 2) position limits for commodity derivatives and 3) the scope of the hedging exemption in relation to the previous two points. 1) Pre-trade transparency requirements for commodity derivatives (MiFIR, Arts. 8 & 9) Europex members have long argued that the MiFIR pre-trade transparency regime in its present form is not fit for purpose
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Categories: Consultation Responses.

XBID – 2nd Wave Go-Live and Changes in Gate Opening Time from 1st January 2019

For issue at 10:00h CET on Wednesday 5th December 2018 – to coincide with MESC meeting RE: XBID – 2nd Wave Go-Live and Changes in Gate Opening Time from 1st January 2019 Over 6.3 million trades completed in XBID. Expansion of XBID into further countries expected summer 2019. Harmonisation of Gate Opening Times from 1st January 2019 will be communicated locally by Transmission System Operators. The XBID parties are pleased to confirm that XBID continues to operate with stability and that over 6.3 million trades have been successfully completed since Go-live in June. The XBID solution has been operational for
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Categories: All NEMOs.

Article 13 (9) of the Electricity Regulation: The basic implementation phase for reconfigured bidding zones should be 24 instead of 12 months

Brussels, 8 November 2018 | Ensuring bidding zones are configured efficiently is necessary in order to address long-term structural congestion. However, any change to the configuration of bidding zones has a fundamental impact on the functioning of wholesale electricity markets. While the change itself, once implemented, may bring about overall benefits the transition process itself comes at a cost which is ultimately passed on to the electricity consumers. In order to minimise this cost and to leave the market enough time to adapt, the implementation phase needs to be appropriate and must guarantee a smooth transition. Recent experience has shown
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Categories: Position Papers.

Capacity allocation in Article 14 of the Electricity Regulation recast: Setting the right principles to maximise transmission capacity available for trading in order to foster further market integration

Brussels, 8 November 2018 | In the EU’s internal energy market, the amount of trade between bidding zones is constrained by the amount of available cross-zonal transmission capacity. Maximising the amount of the cross-zonal capacity available to the market, while respecting necessary operational security standards, is therefore a prerequisite for achieving an efficient integrated internal energy market and realising the associated increase in welfare. In this context, the process to calculate and allocate capacity on the bidding zone borders is vitally important. However, there is significant scope to improve the current situation. The ACER 2017 Market Monitoring Report (MMR) compared
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Categories: Position Papers.