Europex response to the consultation on the draft Delegated Regulation adjusting the EU ETS auction process for 2021-30

Brussels, 6 August 2019 | Europex welcomes the opportunity to comment on the proposal for a Commission Delegated Regulation to align the auctioning of allowances with the EU ETS rules for the Fourth Trading Period and with the classification of allowances as financial instruments as published on 9 July 2019. In this context, we have taken particular positive note of the following suggested changes: ▪ The simplified procedure for the determination and publication of auction calendars; ▪ The clarification of rules on the distribution of auction volumes in case of multiple auction cancellations; ▪ The clarification of the notification procedure for
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Categories: Consultation Responses.

The “Road from Sibiu”: making use of markets for a cost-efficient and innovation-driven transition to full climate neutrality by 2050

Brussels, 9 May 2019 | Today, a long and intense debate on the “Future of Europe” that started two years ago in Rome comes to a close at a European Council summit in Sibiu. One of the key topics of this strategic exchange has been Europe’s future climate and energy policy, notably with regard to the EU’s Clean Planet for All strategy and the overall United Nations Framework Convention on Climate Change process. In this context, we call upon the European leaders gathered today in Sibiu to keep up with their Paris commitments and to include a strong recognition of
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Categories: Position Papers.

RED II: Auctioning GOs for supported energy brings wider system benefits and ensures alignment with EU State Aid rules

Brussels, 15 February 2018 | Guarantees of Origin (GOs) are valuable tools for tracking and documenting both renewable and conventional energy. Europex has already put forward several proposals for the further development of the GO market in the context of the review of the Renewable Energy Directive (RED II). Following the publication of the Council’s General Approach on RED II and the ITRE report adopted by the European Parliament, there have been diverging stakeholder positions on how to ensure that renewable energy producers receiving financial support do not receive double compensation under the GO system (Article 19 of RED II).
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Categories: Position Papers.

Joint IETA, EFET, Europex and ISDA open letter to the Climate Change Committee Members and Experts on Brexit safeguard measures

Brussels, 15 November 2017 | In an open letter to the members and experts of the Climate Change Committee, the International Emissions Trading Association (IETA), the European Federation of Energy Traders (EFET), Europex and the International Swaps and Derivatives Association (ISDA) have expressed their views on the draft regulation amending the EU ETS Registry Regulation (Regulation No 389/2013). This draft regulation aims to implement safeguards to protect the EU ETS from potential negative effects of a hard Brexit. It aims at marking and making ineligible for compliance EU ETS allowances issued by the United Kingdom from 1 January 2018. IETA, EFET, Europex
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Categories: Position Papers.

RED II: the benefits of auctioning GOs for supported energy & why auctions will help improve the system

Brussels, 9 October 2017 | New rules for Guarantees of Origin (GOs) for energy produced under RES support schemes are one important novelty of the Commission’s proposal for a recast of the Renewable Energy Directive, an integral part of the Clean Energy for All Europeans package. The proposed amendment to Article 19 stipulates that no GOs shall be issued for energy receiving financial support from a support scheme, such as a feed-in tariff system. Instead, Member States shall issue such GOs and introduce them to the market through auctions. The revenues raised by the auction shall be used to offset
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Categories: Position Papers.

“Clean Energy for All Europeans” package – more ambition needed for reviewing the Guarantees of Origin legislation

Brussels, 23 February 2016 | The recently published “Clean Energy for All Europeans” package proposes important amendments to the EU’s energy and climate legislation with significant changes in certain key areas. Europex has been analysing the Commission’s eight legislative files, and will release several position papers on issues directly relating to wholesale energy trading and environmental markets over the next few weeks. This first paper will focus on the proposed changes to the Guarantess of Origin (GO) legislation in the context of the review of the Renewable Energy Directive (RED) with additional comments on the needed phase-out of support for
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Categories: Position Papers.

Revision of the EU ETS Directive: Europex welcomes the European Parliament’s positioning ahead of the upcoming trilogue

Brussels, 15 February 2017 | Today, the plenary of the European Parliament expressed its support for the ENVI Committee’s report on the revision of the EU Emissions Trading System (EU ETS). Europex explicitly welcomes the report as a positive and important step in preparation of the upcoming trilogue negotiations between the Parliament, the Council and the Commission.   Europex remains optimistic that the revision of the EU ETS Directive will strengthen the scheme’s role as the EU’s key instrument in the fight against climate change and an important driver for the energy transition. This applies in particular to the following
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Categories: Press Releases.

1st Europex Policy Lunch: The Market Integration of Renewables in the Context of the New Energy Market Design

Venue: European Parliament, Paul-Henri-Spaak building, Room number: P1C047 Date: 11 October 2016 Speakers: European Parliament: Mrs Martina Werner (MEP, Member of the ITRE Committee) European Commission: Mrs Marie Donnelly (DG ENER, Director Directorate C — Renewables, Research and Innovation, Energy Efficiency) Europex: Mr Borut Rajer (Director of Operations at Borzen, the Slovenian Power Market Operator, and Head of the Working Group for Environmental Markets at Europex) Moderator: Mr Christian Baer (Secretary General Europex) Key Europex statements: Renewable Energy Sources (RES) should be integrated into the market. All production units should, proportionally to their size and technical ability, be put on an
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Categories: Press Releases.

Leading European associations call for changes in EU regulation to foster consumer choice and transparency in electricity market

Brussels, 6 October 2016 | In the light of the upcoming revision of the Renewable Energy Directive (RED II), seven  leading European associations are calling for a change in the way electricity products are differentiated and consumer choice in the electricity market is supported at EU level. In a liberalised and constantly changing energy market consumers should have a choice in the type of energy product they wish to consume. Although many achievements have been made in developing a pan-European energy market, some areas of improvement remain. One is the EU regulation supporting a tracking system for electricity production – the Guarantee
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Categories: Press Releases.