European Energy Regulators’ News
Issue: January 2009
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ERGEG has launched 2 new public consultations. One deals with the proposed revision of ERGEG's December 2006 Guidelines of Good Practice on Electricity Balancing Markets Integration (GGP-EBMI), so as to include automatically-activated reserves and intraday markets.
ERGEG/CESR advice on how to promote transparency and market integrity in electricity and gas trading
ERGEG and CESR published the third part of their joint advice to the European Commission on how to foster fair electricity and gas trading.
Transparency: Regulators recommend an EU-wide harmonised post-trade transparency scheme
Furthermore, energy regulators also recommend that aggregate data be published on a daily basis by the platforms. This information would also help market participants to estimate trends and developments for the following trading days.
Record Keeping: Practical approach to the 3rd Energy Package’s record-keeping obligations
• Energy Regulators and EU Standardisation Committee to cooperate on EU energy standards
(PR-09-02), 13 January 2009
• ERGEG and CESR publish their proposals on how to promote transparency and market integrity in electricity and gas trading (PR-09-01), 12 January 2009
• European Energy Regulators 2009 Work Programme, December 2008
• ERGEG/CESR advice on transparency, record-keeping and information exchange between regulators, (C08-FIS-07-03), December 2008
• Principles for calculating tariffs for access to gas transmission networks-Evaluation of Comments (E08-CBT-01-03a), 22 January 2009
See all dates of Regional Initiatives meetings (RCC, IG, SG) on the ERGEG online Calendar. Events are by invitation only, unless otherwise stated.
Regional Initiatives Update
The European Energy Regulators have revised their monthly reporting practices of the Regional Initiatives in order to ensure more output-based information and updates for readers, as many of the issues addressed in the regions have a medium-term perspective.
As a result, the European Energy Regulators' Newsletter will now present Quarterly updates of the 7 electricity regions and 3 gas regions. For the months in between these quarterly updates, the activities in one region will be presented in the "Region in the Spotlight" section. This will provide readers with more in-depth coverage of each region on a regular basis, supported by the quarterly 'tour-de-table" updates.
For continued information on activities in each region, please consult the Regional Initiatives website and the region's dedicated subpages.
On 7th January, Russia cut its gas supplies leaving tens of thousands of households in freezing temperatures and forced schools, hospitals and factories to close. This dispute between the Ukraine and Russia, which was a repeat of their 2006 gas dispute over prices and debts, affected Russian gas supplies to 18 European countries.
The South-South East (SSE) region of the Gas Regional Initiative was particularly affected. Austria, Bulgaria, the Czech Republic, Greece, Hungary, Italy, Poland, Slovak Republic, Slovenia and Romania participate in the South South-East (SSE) Gas Regional Initiative (GRI).
4 of these EU countries of the S-SE region (Bulgaria, Slovak Republic, Poland and Hungary) along with non-EU Member States (Serbia, Bosnia-Herzegovina (BiH), Croatia and Moldova) were the worst affected, leading their governments to declare a state of emergency. Also strongly affected were Romania, Greece, Austria, Slovenia and the Czech Republic (non-EU Member States: TR, FYROM). The worst and strongly affected countries took different measures to satisfy basic energy needs:
Countries such as Germany, France, Italy and Netherlands were also affected by the supply disruptions, but these countries handled the situation via diversification of transport routes and alternative sources of natural gas and energy where possible.
A SSE GRI Stakeholder Group Meeting will be held on Friday, 30 January in Sofia, Bulgaria. The meeting participants will discuss the gas crisis, the initial lessons learned and the extent to which Gazprom should participate in the SSE GRI. The outcome of this meeting will be published on the SSE GRI section of the website.
Mr. J. Kelliher has resigned as Chairman of the Federal Energy Regulatory Commission (USA). President Barack Obama has named Jon Wellinghoff as Acting Chairman of FERC. Mr. Wellinghoff has been a member of the Commission since 2006. The U.S. Senate reconfirmed him to a full, five-year FERC term in December 2007.
Acting Chairman Wellinghoff is an energy law specialist with more than 30 years experience in the field. Before joining FERC, he was in private practice and focused exclusively on client matters related to renewable energy, energy efficiency and distributed generation.
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