Europex response to the ACER Public Consultation on the Bridge Beyond 2025

Brussels, 9 September 2019 | Europex welcomes the opportunity to contribute to the present consultation. Below, we provide comments on selected aspects thereof. To facilitate the discussion, we use the same topic headings as proposed in the consultation document. Targeted regulation and market functioning 1. Is the proposed response set out above appropriate to address the challenges the sector faces? What should be done differently and why? In particular: 1a. For monitoring the GTM metrics and prompting action, should the threshold values be set out at EU level? What should they be? Who should set these values? 1b. Should there
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Categories: Consultation Responses.

Europex response to the CEER Public Consultation on Regulatory Challenges for a Sustainable Gas Sector

Brussels, 17 May 2019 | Europex is pleased to contribute to the present consultation on a sustainable gas sector and welcomes the associated stakeholder dialogue. We are convinced that gas will continue to play an important role in the future energy mix as a flexible source of energy, able to compensate for the growing share of intermittent renewable sources and to act as a large-scale energy carrier. In view of the EU’s 2030 and 2050 climate and energy goals, it is clear that the gas sector will have toundergo a transformation process and that renewable and decarbonised gases will play
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Categories: Consultation Responses.

Europex feedback at intermediate stage of Commission study on sector coupling

Brussels, 20 March 2019 | Europex, the Association of European Energy Exchanges, welcomes the opportunity to provide feedback at this intermediate stage of the Commission study on “Potentials of sector coupling for decarbonisation – Assessing regulatory barriers in linking the gas and electricity sectors in the EU”. A cross-sectoral approach, including electricity and gas both conventional and renewable, is necessary in order to develop more system flexibility, to free up unused cross-sectoral potential and to increase the coordination and competitiveness between the gas and electricity sectors. Developing and enhancing this potential is a pre-condition for successfully implementing the energy transition
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Categories: Consultation Responses.

Europex Feedback to Phase II of the Study “Quo Vadis, EU Gas Market”

Brussels, 12 January 2018 | As a point of departure, the study names the “alleged” main weaknesses of the European gas market, pointing to price differences between countries/zones. These are explained as being a result of existing long-term supply contracts and an increasing dependency on extra-EU supplies. We are convinced that the goal of any future market design should not be to focus on price levels or to artificially align gas prices by regulatory intervention, but rather to design the market in such a way that an efficient price equilibrium is reached throughout the EU. And in such an equilibrium, prices
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Categories: Position Papers.

Europex feedback to Part 1 of the “Quo vadis EU gas market” study

Brussels, 10 July 2017 | In reaction to a stakeholder workshop that the European Commission organised recently in the context of the “Quo vadis EU gas market?” study, Europex provides its feedback on the methodology and other aspects of the preliminary report. The main comments on the direction of the preliminary report are as follows: Europex considers that the current regulatory focus should be on ensuring a level playing field for all market actors and the consistent and comprehensive implementation and application of the 3rd Energy Package and the Network Codes throughout all Member States. There are still major deviations between Member States and the full and effective
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Categories: Position Papers.

Statement on the occasion of the 27 Madrid Forum regarding the updated Gas Target Model

Madrid, 20-21 April 2015 | Europex appreciates the efforts done by ACER in updating the Gas Target Model (GTM) and the determination to search for a “bridge” towards a sustainable future for European gas markets. Europex is fully supportive for the completion of a competitive, efficient and secure European traded gas market. A careful and non-intrusive approach in terms of regulation and market design will achieve the most effective outcome. Please read the full statement in the attached document.
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Categories: Position Papers.

Europex welcomes the finalisation of the review and update of the Gas Target Model by ACER

Brussels, 2 February 2015 | Europex is of the view that in order to release the full potential of European energy markets subsidies and price regulation shall be removed and demand side participation in wholesale markets shall be promoted, in order to enable a genuine development and connection of markets. Please find the full statement attached.
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Categories: Position Papers.

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 contributes to ACER Gas Target Model Review

Brussels, 18 April 2014 | In our response to the ACER consultation on the Gas Target Model, Europex emphasises the following key messages: Criteria of the Gas Target Modell 1 (GTM 1) are not suited to evaluate the functioning of gas wholesale markets. They are criteria for the solution of a problem that is not clearly defined. The wholesale market has specific characteristics, such as the difference between spot/ balancing markets and forward markets as well as regional differences. There are integrated forward markets. Spot/ balancing markets are in the end physical markets, bound to locations. To integrate spot/ balancing markets, physical capacity needs to be available. Please
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Categories: Consultation Responses.