Joint Statement on VAT fraud prevention in the electricity and gas sector Joint statement signed by 9 key EU energy stakeholders (CEER, EACH, EFET, ENTSO-E, ENTSOG, Eurelectric, Eurogas, Europex, LEBA), presented at 21st Florence Forum, 6 Dec. 2011
CEER monitoring report on transaction reporting and detecting market misconduct in wholesale energy markets - Good practice examples from national regulatory authorities Ref. C11-WMF-12-03, 1 December 2011
This document is a CEER document on transaction reporting and detecting market misconduct. It describes how some National Regulatory Authorities have put in place processes to detect market misconduct in wholesale energy markets. In particular, this document considers the questions of data collection, data analysis and the details of investigations and publications made.
CEER Final advice on the Introduction of a Europe-wide Energy Wholesale Trading Passport. A CEER Conclusions Paper Ref: C11-WMS-15-04b, 8 November 2011
On 19 April 2011, CEER launched a public consultation on the “CEER Draft Advice on the introduction of a Europe-wide energy wholesale trading passport” (C11-WMS-15-04). The current document (C11-WMS-15-04b) sets out CEER’s final Advice on the introduction of a Europe-wide energy wholesale trading passport. It outlines a framework for dealing with the existing shortcomings regarding regulatory access to trading on electricity and gas wholesale markets and aims to support policy makers at EU and national level to make informed decisions on next steps. This document is accompanied by the evaluation of responses of the public consultation (C11-WMS-15-04c).
CEER final advice on the regulatory oversight of energy exchanges. A CEER Conclusions Paper Ref. C10-WMS-13-03a, 11 October 2011
In their advice European Energy Regulators investigate the organisation and the regulatory oversight of energy exchanges (i.e. the supervision of energy exchanges and the monitoring of trading activities of market participants by the competent authorities) and describe the CEER findings from best practice examples. The advice may thus serve as a background paper, which may be utilised in parallel to the further discussions on the implementation of REMIT.
CEER response to the Commission’s consultation “On the Future of VAT – Towards a simpler, more robust and efficient VAT system” Ref. C11-FIS-26-04, 4 May 2011
CEER welcomes the possibility to respond to the Commission's consultation on the "Green Paper on the future of VAT - Towards a simpler, more robust and efficient VAT system". CEER is in particular concerned about the threat of VAT fraud to market integrity in the electricity and gas markets and would like to draw the Commission's attention to this issue which should be taken into account when revising the VAT regime.
Final Report on a Pilot Project for an Energy Trade Data Reporting Scheme Ref. C11-WMF-11-03a, 4 May 2011
The project was carried out over a period of six months from July 2010 to January 2011. The work was completed in May 2011 by producing final report. The pilot project sets out to achieve a series of objectives: Firstly the demonstration of the feasibility of an efficient, cost effective, comprehensive and standardised collection, storage and monitoring scheme for energy trade data; secondly concept development providing representative examples of statistical analysis of trade data; thirdly concept development providing trade data analysis in order to identify potential market abuse; and fourthly recommendations for a future European trade data reporting and monitoring scheme. The geographical scope of the project was limited to the region of Central Western Europe (including Austria). With respect to trading venues and products, (historical) trading data was retrieved from a representative sample of brokers, traders and energy exchanges.
CEER response to the European Commission consultation on the “Europe 2020 Project Bond Initiative” Ref. C11-FIS-26-03, 29 April 2011
The DG ECFIN consultation on the “Europe 2020 Project Bond Initiative” presents one of the financing mechanisms mentioned in the European Commission´s Energy Infrastructure Communication of November 2010. CEER is pleased to submit its contribution to the online consultation, addressing questions 1 and 3 as particularly relevant for the energy sector.
ERGEG Review of the process for drafting framework guidelines Ref. C10-GA-68-04b, 18 March 2011
European Energy Regulators worked, during the interim period before the Agency for the Cooperation of Energy Regulators (ACER) became operational on 3 March 2011, on the development of draft Framework Guidelines. The aim was to accelerate progress once ACER is able to take on its formal responsibility. The European Commission and the European Network for Transmission System Operators (ENTSOs) for electricity and for gas have agreed to work ‘as if’ the 3rd Energy Package were in place. In order to assess the effectiveness of the process European Energy Regulators have applied, and to make recommendations to ACER before it takes on responsibility for the development of framework guidelines, this review has been undertaken to gather the experiences of the interim period and make recommendations. This public document contains a summary of the overall feedback received from regulators, the Commission and stakeholders and the resulting recommendations made to ACER
CEER response to the European Commission's online consultation on the Energy Roadmap 2050 Ref. C11-EWG-68-04, 2 March 2011
CEER was pleased to submit its contribution to the European Commission's online questionnaire on the Energy Roadmap 2050. The Energy Roadmap 2050 will aim at presenting different pathways to reach the objectives of EU energy policy – sustainability, energy security and competitiveness. Regulators underlined the importance of education and qualified human resources; public acceptance and awareness; increased global cooperation and the development of renewables and energy efficiency.
CEER response to the Commission's consultation on the external dimension of the EU energy policy Ref. C11-ISG-17-03, 18 February 2011
European energy regulators welcome the European Commission’s aim to harmonise and combine individual Member States’ efforts into concerted action, thereby strengthening the single voice that the EU speaks with on the international scene in the field of energy.
CEER response to the Commission´s public consultation on the MiFID Review Ref. C11-FIS-23-04, 2 February 2011
European energy regulators welcome the possibility to comment on the planned revision of the Markets in Financial Instruments Directive (MiFID). We are focusing on issues related to commodity derivatives as electricity and gas trading may be affected by such a revision.