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
Read More

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.
Read More

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.
Read More

Categories: Consultation Responses.

Europex response to public consultation on the revision of the Energy Taxation Directive (ETD)

Brussels, 14 October 2020 | Europex supports a revision of the Energy Taxation Directive (ETD) in order to enable the transition towards climate neutrality. This is an important opportunity to ensure that energy taxation policy supports the objectives of the Internal Energy Market and ensure that consumers can benefit from incentives provided by price signals from the electricity and gas wholesale markets. The energy mix is changing, with higher shares of renewable gas and electricity. In a sector integration context, electricity and gas will increasingly compete as energy carriers. Against this backdrop, our response focuses on two aspects – the
Read More

Categories: Consultation Responses.

Europex response to the EU Offshore Renewable Energy Strategy

Brussels, 24 September 2020 | Europex fully supports the development of a comprehensive EU strategy on offshore energy, which is needed to help scale up offshore energy deployment and ultimately contribute to the decarbonisation of the European energy system. While there are many important issues that the strategy must address, our response focuses on the following regulatory and market aspects: a) Integration of offshore energy into the market / financing models; b) Building up the necessary grid infrastructure; c) Regulatory aspects of hybrid or joint offshore projects; d) Developing offshore wind as part of wider energy system integration efforts. The
Read More

Categories: Consultation Responses.

Six recommendations for a scaled-up Guarantees of Origin (GO) scheme to support decarbonisation

Brussels, 24 September 2020 | Achieving climate neutrality by 2050 will require many fundamental changes. In the energy sector, a significant shift towards renewable energy is already under way and will need to be accelerated. Guarantees of Origin (GOs) are currently a valuable tool for documenting the ‘green’ characteristics of renewable electricity, providing consumers with the means to send a signal to the market about their consumption preferences for renewable energy. Transparency on the generation source of energy enables consumers to drive decarbonisation efforts. At the same time, consumer demand for reliably certified energy is growing. RED II has extended
Read More

Categories: Position Papers.

Feedback to DG ENER-Trinomics-LBST draft study “Sector Integration – Regulatory Framework for Hydrogen”

Brussels, 11 September 2020 | Europex fully supports efforts in this study to identify the appropriate EU regulatory framework for dedicated hydrogen networks and markets. Traded hydrogen markets, supported by certificates for hydrogen (based on GOs), have the potential to play a key role in the decarbonisation of the EU energy system. The first priority is the development of both supply and demand of hydrogen, enabling access to hydrogen for a wide variety of actors from all sectors. However, while hydrogen markets may well develop on a regional basis, or in clusters, it is important to already put in place
Read More

Categories: Consultation Responses.

‘The Impact of Financial Services Regulation on European Wholesale Energy Markets – A Post-MiFID II Analysis’

Brussels, 10 September 2020 | Europex launches today its new report: ‘The Impact of Financial Services Regulation on European Wholesale Energy Markets – A Post-MiFID II Analysis’, a collaboration between Europex and Norton Rose Fulbright LLP. Since the introduction of MiFID II / MiFIR in January 2018, the relationship between energy markets and financial services regulation has fundamentally changed. The main lesson from the last two and a half years of experience is that the broad brush of financial services regulation sometimes fails to reflect the specific nature of energy commodity markets. Against this backdrop, the report analyses the effects of
Read More

Categories: Press Releases.

Statement on the Electricity Bidding Zone Review (BZR) Methodology

Brussels, 25 August 2020 | Following referral on 7 July 2020 by all NRAs, ACER became competent to decide on the Bidding Zone Review (BZR) methodology i.e. the Proposal for the methodology and assumptions that are to be used in the bidding zone review process and for the alternative bidding zone configurations, pursuant to Article 14(5) of Regulation (EU) 2019/943 (BZR proposal). We welcome the fact that ACER are now assessing and deciding on key aspects of the proposed methodology, and fully support efforts to ensure a meaningful and effective review. The announcement that ACER will consider stakeholder feedback to
Read More

Categories: Position Papers.