A prerequisite for a market to function properly is to have all the relevant information available to all market participants, including potential and prospective market entrants. Insufficient transparency can have adverse effects on market competition and price formation as not all the market actors have access to the same information and an unlevel playing field is created. In addition, a lack of harmonisation in both the type of information that is available and the format in which it is published can make it impossible for market participants to develop a coherent and accurate view of electricity market fundamentals.
Fundamental data transparency refers to the availability of information on the relevant aspects affecting the electricity market through its impact on the behaviour of market actors (TSOs, generators, users and traders) and thus on price formation and electricity trade taking place. Publication of fundamental data is seen as a first step and pre-condition to the creation of a competitive and efficient European electricity market.
Following a request from the European Commission, ERGEG has prepared Draft Comitology Guidelines on Fundamental Electricity Data Transparency, with an accompanying Initial Impact Assessment, as advice to the European Commission, which may then use the input to make the rules legally binding through Comitology.
ERGEG invites all interested parties to provide comments to the consultation paper (draft comitology guidelines) – and in particular the 17 questions in the accompanying cover note. Any comments should be received by 28 October 2010 and should be sent by email to firstname.lastname@example.org.
Following the public consultation period, ERGEG will publish all comments received from stakeholders. If a respondent would like ERGEG to treat their contribution with confidentiality then this must be explicitly mentioned in their submission.
Any questions on these documents should in the first instance be directed to:
Mrs. Fay Geitona
CEER Secretary General
Tel. +32 2 788 73 30
Fax +32 2 788 73 50