Europex response to ACER and ENTSOG consultation on EU Gas Balancing Suspected Misconduct

Brussels, 19 October 2020 | Europex fully supports effective implementation of the BAL NC which lays the foundation for market-based balancing. We therefore welcome the process initiated by ACER and ENTSOG to tackle balancing misconduct and mitigate the risk of defaulting network users. In the attached document we provide our responses to the consultation questions as contained in the consultation document.
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Categories: Consultation Responses.

Feedback to DG ENER-Trinomics-LBST draft study “Sector Integration – Regulatory Framework for Hydrogen”

Brussels, 11 September 2020 | Europex fully supports efforts in this study to identify the appropriate EU regulatory framework for dedicated hydrogen networks and markets. Traded hydrogen markets, supported by certificates for hydrogen (based on GOs), have the potential to play a key role in the decarbonisation of the EU energy system. The first priority is the development of both supply and demand of hydrogen, enabling access to hydrogen for a wide variety of actors from all sectors. However, while hydrogen markets may well develop on a regional basis, or in clusters, it is important to already put in place
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Categories: Consultation Responses.

Europex feedback on the Preparation of the EU Hydrogen Strategy

Brussels, 8 June 2020 | Europex welcomes the Commission’s initiative to develop a dedicated EU Hydrogen Strategy. We are convinced that traded markets can and will act as enablers for a future usage of hydrogen on a broader scale, including in those sectors where it still has very limited penetration such as transport, buildings and power generation. Given the importance and complexity of the topic, there should be strong stakeholder involvement in both the development and implementation of the EU Hydrogen Strategy. It is key that the integration of hydrogen into the Internal Energy Market is considered from the beginning
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Categories: Consultation Responses.

Net zero at least cost: energy and emissions markets at the core of cost-efficient decarbonisation

Brussels, 17 February 2020 | Achieving a climate neutral economy by 2050 presents a significant challenge that will require fundamental changes across many sectors. Open, competitive, transparent and liquid power, gas and emissions markets are among the core tools necessary to reach the EU’s 2050 net zero target cost-efficiently. Agreement on the 2050 neutrality objective itself represents an important milestone which we explicitly welcome. To help achieve this, close attention must be paid to the instruments and mechanisms required, including how to trigger the necessary innovation and investment and to achieve decarbonisation at the least cost to the consumer, the
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Categories: Position Papers.

MIBGAS, the Iberian Gas Exchange, joins Europex

Brussels, 12 February 2020 | MIBGAS S.A., the Iberian Gas Exchange, has joined Europex as a full member as of today. The activities of MIBGAS are designed to increase competition within the gas sector, increase security of supply for consumers and foster liquidity by ensuring non-discriminatory and equal access to the gas market in the Iberian Peninsula. Spot and prompt products are traded on MIBGAS, including within-day, day-ahead and month-ahead natural gas contracts, all with physical delivery at the Iberian virtual balancing point (PVB or Punto Virtual de Balance). Non-financial derivatives with a time horizon beyond month ahead are traded
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Categories: Press Releases.

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.