Europex welcomes strengthened role for long- and short- term markets under new EU electricity market design rules

Brussels / Strasbourg, 26 March 2019 | Europex, the Association of European Energy Exchanges, welcomes today’s adoption of the four remaining files of the Clean Energy for All Europeans package by the plenary of the European Parliament. These concern the recast Electricity Regulation and Directive, the Regulation on risk-preparedness in the electricity sector and the recast ACER Regulation. This new framework represents significant progress towards the further integration of the EU Internal Energy Market. In the following, we would like to highlight four major improvements: 1. A strengthened role for electricity wholesale markets, based on the principle of free price
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Categories: Press Releases.

Article 13 (9) of the Electricity Regulation: The basic implementation phase for reconfigured bidding zones should be 24 instead of 12 months

Brussels, 8 November 2018 | Ensuring bidding zones are configured efficiently is necessary in order to address long-term structural congestion. However, any change to the configuration of bidding zones has a fundamental impact on the functioning of wholesale electricity markets. While the change itself, once implemented, may bring about overall benefits the transition process itself comes at a cost which is ultimately passed on to the electricity consumers. In order to minimise this cost and to leave the market enough time to adapt, the implementation phase needs to be appropriate and must guarantee a smooth transition. Recent experience has shown
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Categories: Position Papers.

Capacity allocation in Article 14 of the Electricity Regulation recast: Setting the right principles to maximise transmission capacity available for trading in order to foster further market integration

Brussels, 8 November 2018 | In the EU’s internal energy market, the amount of trade between bidding zones is constrained by the amount of available cross-zonal transmission capacity. Maximising the amount of the cross-zonal capacity available to the market, while respecting necessary operational security standards, is therefore a prerequisite for achieving an efficient integrated internal energy market and realising the associated increase in welfare. In this context, the process to calculate and allocate capacity on the bidding zone borders is vitally important. However, there is significant scope to improve the current situation. The ACER 2017 Market Monitoring Report (MMR) compared
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Categories: Position Papers.

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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Categories: Position Papers.

The recasts of the Electricity Regulation and the Electricity Directive: our six key messages

Brussels, 9 August 2017 | As set out in our previous positon paper on the proposals for a recast of the Electricity Regulation and Directive, Europex welcomes the recognition of the central role of energy exchanges and the importance of strong market price signals in all Member States. However, we believe that a number of aspects can be strengthened in order to ensure well-functioning, liquid, efficient and transparent electricity markets in Europe. In the following, we highlight six key areas where we believe amendments to the Electricity Regulation recast proposal are necessary. Please read the full position paper, the amendments
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Categories: Position Papers.

Europex amendment proposals to the recasts of the Electricity Regulation and the Electricity Directive

Brussels, 9 August 2017 | In the following table, Europex publishes its detailed suggested amendments to the proposals for a recast Electricity Regulation and Directive. We put forward amendments in ten key areas to ensure well-functioning, liquid, efficient and transparent electricity markets in Europe. Please find the full amendments table, the key messages and the amendments presentation below.
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Categories: Position Papers.