Europex raises serious concerns about aspects of the CACM network code and Governance Guideline

Brussels, 3 December 2013 | In its General Assembly meeting, Europex, representing European energy exchanges, today expressed its serious concern that some sections of the final draft CACM Network Code/ Governance Guideline hinder rather than help the rapid implementation of the Target Model across Europe. The Commission itself has separately estimated the benefits of market integration to be in the region of €2.5-4bn per year, and this should be the clear policy priority. All proposals should be judged by whether they facilitate or endanger this goal. Europex urgently desires to re-engage with the European Commission and relevant parties to finalise the Governance Guideline in a way that best ensures the successful implementation of the Target Model.

Please find the position paper attached.