The Electricity Market Design reform is an opportunity to future-proof the regulatory framework to enable the decarbonisation of the European economy.
Europex welcomes this opportunity to comment on the future design of the European electricity market. Please see our response to selected questions.
Europex welcomes the opportunity to provide feedback to IOSCO’s consultation on compliance carbon markets. Carbon markets play a key role in facilitating decarbonisation at least cost and ensure a high level of competition and innovation.
Over 50 biogas and biomethane trade associations and companies call for a rethink on the use of biomethane certificates for greenhouse gas reporting by corporate gas users.
The Romanian Commodities Exchange (Bursa Română de Mărfuri – BRM) has joined Europex as a Full Member as of today. With the inclusion of BRM, Europex now counts 32 members.
The tasks performed by delegated operators include, among others, imbalance
calculation and settlement, data publication related to electricity balancing markets and
issuing of the rules related to balancing markets and imbalance settlement.
Joint association statement on the proposed market correction mechanism to protect citizens and the economy against excessively high prices
Call for ex-ante assessment of security of supply and financial stability risks We, the undersigned associations, fully acknowledge the seriousness of the situation in the
The co-signatory organisations wish to raise serious concerns to the European Commission about the new draft “Land Sector and Removals Guidance” under development within the
We are convinced that the proposal for a market correction mechanism will not achieve its primary objective of lowering energy prices but will seriously threaten the EU’s security of supply situation and introduce severe risks to financial stability in Europe.
Europex is concerned about the practical implications of the Market Correction Mechanism as set out in Article 23 of the draft Council Regulation and would like to highlight that any such mechanism must meet the conditions outlined in Article 23 (2) (b)-(j).
The Electricity Market Operator of Montenegro (Crnogorski operator tržista električne energije – COTEE) has joined Europex as a full member as of today. With the inclusion of COTEE, Europex now counts 31 members.
We would like to take this opportunity to offer additional guidance to ensure that these emergency measures are not adopted without due consideration of their short- and mid-term effects.
Europex and seven other associations have co-signed a letter calling to safeguard diversity of participation in the EU ETS. To read the full letter, please see the pdf
Electricity Emergency Tool: Taking appropriate measures in extraordinary times without losing sight of future challenges
Following the urgency legislation in the gas sector, notably regarding gas storage and gas demand reduction in the spring and early summer, the European Commission
Joint industry call to relieve cash liquidity pressure on market participants by extending eligible non-cash collateral ￼
Please find our detailed position paper attached: Attachments 20220912_Joint associations’ paper on the extension of eligible non-cash collateral File size: 203 KB
Demand response, and more generally system flexibility, play a key role in achieving the EU’s decarbonisation targets and securing future system stability as volatile electricity production from renewables will need to increase substantially in the years to come.
Winter Preparedness Action Plan: Europex welcomes market-based approach to achieving efficient demand reduction
Europex welcomes the forward-looking action from both the Council and the Commission to enhance coordination on measures to reduce natural gas demand to alleviate risks in anticipation of full or partial supply disruption of Russian natural gas.
Europex response to ACER-CEER draft policy paper on the further development of the EU electricity forward market
We remain critical of how this draft policy paper addresses and assesses the overall functioning of the electricity forward market and the proposals put forth to approach the identified shortcomings.
Europex response to Commission consultation on RED II draft Delegated Acts on RFNBOs & GHG Savings Methodology
As the main objective is decarbonisation, clear rules are needed to determine the renewable character of both electricity and RFNBOs, including hydrogen which is likely to play a key role in the future energy mix.
Europex General Assembly meets to discuss high energy prices and mark the Association’s 20th Anniversary
At the regular meeting of the General Assembly, members discussed high energy prices and the regulatory impact of the Russian invasion of Ukraine on European energy markets.
Joint industry call: using the Internal Energy Market as a tool to manage this crisis and an asset to build the future
As the European Council meeting of 30 and 31 May approaches, we urge Member States to consider the added value of the IEM in managing the immediate effects of this crisis and in shaping the energy sector of the future.
Efficient and transparent energy markets should be at the heart of the Commission’s REPowerEU Plan rather than put into question
As regards the new REPowerEU Plan published yesterday, we have serious concerns about several of the proposed short-term emergency measures as they risk threatening the integrity and functioning of the Internal Energy Market.
Imposing restrictions on who may or may not participate in the EU ETS would significantly weaken the market, putting at risk the EU’s ability to meet its climate goals in a cost-efficient manner.
Joint association paper on margining liquidity support and eligibility of guarantees and non-cash collateral
This response has been compiled by EACH, EFET, Eurelectric, Eurogas and Europex and reflects the views of their respective memberships