Europex response – REMIT fee design & implementation consultation

Brussels, 24 July 2020 | Europex welcomes the opportunity to take part in the present consultation. Below we provide our input to the Commission’s online questionnaire in an amended format to facilitate its publication on the Europex website. Europex considers the following points, among others, to be of key importance: Charging the fees directly to Market Participants would the most efficient approach with RRMs collecting the fee as intermediaries. There would be significant risk of distortion of competition between different types of RRMs should the fee be charged directly to RRMs; The fee calculation must not discourage trading on regulated
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Categories: Consultation Responses.

Europex response to ACER consultation on bidding zone review methodology

Brussels, 24 April 2020 | The bidding zone review and resulting decision on the configuration has fundamental consequences for the electricity market in all timeframes. Europex welcomes the opportunity to provide input into ACER’s public consultation on the methodology and assumptions to be used in the bidding zone review process. It is important to ensure that there is robust and transparent analysis supporting both the development of the alternative configurations and their evaluation against the CACM criteria. The assessment of the configuration impact on market efficiency, competition, liquidity and overall welfare must consider both short-term and forward markets, and use
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Categories: Consultation Responses.

Europex response to ACER’s public consultation on the “Proposed Changes to Electronic Formats for Transaction Data, Fundamental Data and Inside Information Reporting”

Brussels, 8 November 2017 | Europex welcomes the opportunity to take part in ACER’s public consultation on the Proposed Changes to Electronic Formats for Transaction Data, Fundamental Data and Inside Information Reporting. As a matter of principle, Europex supports the effort of ACER to enhance data quality for monitoring purposes and to implement a simplification of the reporting format. Despite these improvements, however, we would like to highlight that any change(s) to the already established reporting format will: create implementation costs which will be passed on to market participants and end consumers; increase system operation risks; potentially affect the reliability
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Categories: Consultation Responses.

Europex response to the proposed revisions of the ACER Regulation: a need for clarity and consistency

Brussels, 19 October 2017 | The proposal for the recast ACER Regulation and the revised Council text positively recognise the important contribution energy exchanges make towards a more integrated electricity market. However, Europex underlines the need for more precision on new ACER powers to oversee Nominated Electricity Market Operators (NEMOs), who perform market coupling operations. The recast Regulation should also ensure consistency with the recast Electricity Regulation and the Network Codes and Guidelines already in place. With this in mind, and as the text is further discussed in the European Parliament and the Council, Europex highlights three key points: Clearer
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Categories: Position Papers.