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
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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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Electricity market design – Europex positions on the Electricity Regulation, Electricity Directive and the ACER Regulation
Brussels, 11 October 2018 | The trilogue negotiations for the electricity market design files (the draft recasts of the Electricity Regulation, Electricity Directive and ACER Regulation) are well under way. At this stage it is crucial that all parties can agree on workable solutions grounded in market realities. Overall, this is an opportunity to ensure that wholesale markets are efficient, accessible and are ready to meet the challenges of the energy transition. This paper raises five aspects emerging from the negotiations so far which we believe are necessary to address or maintain. A comparison of the positions of the Commission,
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European Cross-Border Intraday (XBID) Solution trades exceed 2.5 million since go-live
For issue at 15:00 CET on Thursday 6th September European Cross-Border Intraday (XBID) Solution trades exceed 2.5 million since go-live. Solution is stable and therefore availability of roll back systems has ceased. Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) are pleased to announce that the number of trades in XBID since go-live in mid- June has exceeded 2.5 million. The XBID solution has been running with stability and therefore, the Steering Committee has decided, in line with the contractual agreement between NEMOs and TSOs, to remove rollback systems. The XBID solution has been running now for over
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The Essential Tasks of Third Party Market Operators/Facilitators in the Electricity Market (update)
Brussels, 16 August 2018 (updated)| In a number of EU Member States/EEA countries, certain functions related to the operation of the electricity market, which are necessary for the electricity market to work efficiently, are carried out by non-TSO third parties rather than by TSOs. These third parties, also called “Third Party Market Operators/Facilitators”or“Delegated Operators”, and the vital roles they play,are recognised in the European Network Codes and Guidelines. The tasks performed by these third parties include, among others, imbalance calculation and settlement, data publication related to electricity balancing markets and issuing of the rules related to balancing markets. These tasks
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Electricity market design: Europex urges continued focus on robust market principles
Brussels, 5 February 2018 | Europex generally welcomes the Council’s General Approach on electricity market design (recasts of the Electricity Regulation and Directive, as published on 20 December 2017) which makes positive steps towards achieving more integrated, liquid and efficient wholesale electricity markets in Europe. Properly functioning energy markets, and the resulting reliable price signals constitute the most effective means to meet the challenges of an evolving energy sector and to deliver energy to European citizens in a reliable, affordable and climate-friendly way. While there are some aspects which we believe could be further improved in the Council’s General Approach,
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The Essential Tasks of Third Party Market Operators in the Electricity Market
Brussels, 15 November 2017 | In a number of EU Member States/EEA countries, certain functions related to the operation of the electricity market, which are necessary for the electricity market to work efficiently, are carried out by non-TSO Third Parties rather than by TSOs. These Third Parties, hereafter called Third Party Market Operators/Facilitators, and the vital roles they play, are recognised in the European Network Codes and Guidelines. The tasks performed by these Third Parties include, among others, imbalance calculation and settlement, data publication related to electricity balancing markets and issuing of the rules related to balancing markets. These tasks
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