We urge the co-legislators to take the necessary time to fully understand the complexity of this file and seek the viewpoints of stakeholder who have worked closely with ACER to tailor REMIT into the tool it is today.
We urge lawmakers to carefully assess these proposals to ensure that the EMD package is beneficial to the functioning of short-term markets, the liquidity of long-term markets and the deployment of flexibility assets.
we call on Member States to end inframarginal revenue caps by 30 June as set out in the 6 October Regulation. We also call on the EU co- legislators to ensure revenue caps remain outside of the scope of the current reform of the Electricity Market Design.
The Electricity Market Design reform is an opportunity to future-proof the regulatory framework to enable the decarbonisation of the European economy.
Europex welcomes this opportunity to comment on the future design of the European electricity market. Please see our response to selected questions.
The tasks performed by delegated operators include, among others, imbalance
calculation and settlement, data publication related to electricity balancing markets and
issuing of the rules related to balancing markets and imbalance settlement.
We would like to take this opportunity to offer additional guidance to ensure that these emergency measures are not adopted without due consideration of their short- and mid-term effects.
Following the urgency legislation in the gas sector, notably regarding gas storage and gas demand reduction in the spring and early summer, the European Commission
Demand response, and more generally system flexibility, play a key role in achieving the EU’s decarbonisation targets and securing future system stability as volatile electricity production from renewables will need to increase substantially in the years to come.
We remain critical of how this draft policy paper addresses and assesses the overall functioning of the electricity forward market and the proposals put forth to approach the identified shortcomings.
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