Europex response to ACER public consultation “European Energy Regulation: A Bridge to 2025”

Brussels, 16 June 2014 | Europex welcomes ACER’s initiative to consult the stakeholders on the energy market challenges and possible regulatory responses and priorities for the period 2014-2025, as well as the possibility to present its position on these issues. We believe that proper identification of those challenges and the implementation of adequate regulatory responses are of interest of all energy market stakeholders. In general ACER has identified the main issues and trends. ACER has taken a holistic approach in its draft vision, which we consider very helpful. Besides identifying priorities and engaging stakeholders by this consultation and possible forthcoming actions, it
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Categories: Consultation Responses.

Europex position paper on Guarantees of Origin: A way forward from the fallacies of current support systems for renewable electricity

Brussels, 16 May 2014 | Renewable Energy Sources for Electricity (RES-E) production are now at the forefront of European energy policy. They have evolved from a side show into a force to be reckoned with. Member States have been very successful at increasing the RES-E connected to the network, but unfortunately a consequence of the current implementation is a distortion of the electricity market and additional financial burdens for the final consumers, and posing risks to security of supply in the long run. Please find the position paper attached.
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Categories: Position Papers.

Europex position paper: Principles for the efficient functioning of carbon and environmental markets – An organised markets perspective

Brussels, 8 May 2014 | Environmental markets, and specifically the EU Emissions Trading Scheme (EU ETS), are the most efficient method to achieve environmental policy objectives. The main principles for the efficient functioning of environmental markets such as the ETS are predictability and credibility through stable framework conditions. These main principles must be adhered to for structural reform of the ETS and the wider 2030 climate and energy framework. EUROPEX, the Association of European Energy Exchanges, and its members actively engage in the further development of carbon and wider environmental markets as efficient means to achieve environmental policy objectives. Please find the
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Categories: Position Papers.

Europex position paper on Market Design

Brussels, 5 May 2014 | Europex strongly supports market-based approaches to achieving the EC’s objectives of competition, security and sustainability. Only markets can efficiently integrate the diverse and interrelated factors and knowledge held by a large number of actors. Regarding future changes to the energy market design, Europex recommends that policymakers focus on the following areas: (1) Bringing RES into the market; (2) Rewarding capacity and flexibility; (3) Remunerating transmission capacity and (4) Appropriate regulation and governance of markets. Please find the position paper attached.
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Categories: Position Papers.

Europex responds to “Commission Guidelines for State Aid for Environmental Protection and Energy 2014-2020”

Brussels, 24 April 2014 | Europex welcomes the changes to renewable energy policy brought about by the Guidelines for State Aid. We strongly agree with Commissioner Almunia that ‘It is time for renewables to join the market.’ The shift towards a more market-based, better coordinated support system, with a view to fulfilling the ambitious renewable energy (RES) targets set in the EU 2020 strategy, is certainly a step in the right direction, addressing both the costs of current feed-in tariff support schemes and the pending legal challenges they are facing. The logic that drives the changes is undeniably sound. In the
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Categories: Consultation Responses.

Europex responds to CEER public consultation on the “Implications of Non-harmonised Renewable Support Schemes”

Brussels, 6 January 2012 | The Council of European Energy Regulators (CEER) launched in November 2011 a public consultation document which examines the “Implications of Non-harmonised Renewable Support Schemes”. It addresses the existing differences between national support schemes in Europe and other areas of non-harmonisation in electricity markets. The paper consults on the impact these differences may have on investment decisions and on the functioning of national and European wholesale electricity markets by addressing four key questions. Europex welcomes the opportunity to take part in this consultation and submitted the attached consultation response.
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Categories: Consultation Responses.

Europex position paper on the “GO Market Platform: A Possible Role of Organised Markets”

Brussels, 27 September 2011 | The introduction of organised markets can create the proper grounds for generating a safe environment where operators can trade, minimising counterparty risks while rising liquidity and enhancing transparency through publications of price references. Europex believes liquid, safe and transparent GO organized spot markets could lead to a wider use of GO in Europe. Investments could benefit from such markets, giving reliable reference prices to this new commodity. Last but not least, social welfare might also improve by raising the macro economic efficiency when utilising renewables in EU. Please find the position paper attached.
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Categories: Position Papers.