European Energy Regulators’ News
Issue: May 2011
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Region in the Spotlight
CEER has published and outline of its prototype of an EU energy trade data reporting and market monitoring. This report on an energy trade pilot project is of high relevance given the current political negotiations on the European Commission’s proposed REMIT legislation and the idea of having a trade repository to collect wholesale energy data. CEER’s own-initiative project shows how trade transaction reporting could be carried out and demonstrates how data analysis (devised during our 6-month pilot project) can be used in order to identify potential market abuse (see feature article below).
Regulators’ pilot project could fulfill current REMIT legislative proposals on energy market integrity and transparency
CEER has published an outline of its prototype of an EU energy trade data reporting and market monitoring which could safeguard market integrity and help prevent market abuse (see Press Release, PR-11-01).
Trade database relevant in the context of EU market integrity and transparency regulatory reform
The Regulators’ Energy Trade Data Reporting Scheme” pilot project
The European Parliament’s ITRE Committee vote on the REMIT proposals is foreseen for 26 May. CEER’s report on the pilot project (which covers issues such as Data reporting; Data Access; Monitoring; IT-Architecture; and Governance) will form the basis of CEER good practice guidelines on reporting and market monitoring that will come out later this year.
CEER consults on regulatory oversight of energy exchanges and on single trading passport
• CEER Report on Renewable Energy Support in Europe (Ref. C10-SDE-19-04a)
• Final Report on a Pilot Project for an Energy Trade Data Reporting Scheme (Ref. C11-WMF-11-03a)
• CEER response to the European Commission consultation on the “Europe 2020 Project Bond Initiative” (Ref. C11-FIS-26-03)
Events (see Events section of website for the new calendar of next workshops):
|Gas||2nd CEER gas target model workshop||22 Feb 2011|
|3rd CEER gas target model workshop||11 Apr 2011|
|4th CEER gas target model workshop||28 Jun 2011|
|CEER Guidelines of Good Practice on Open Season Procedures (GGPOS) – revision||Q3|
|CEER Advice on LNG terminals' transparency template||Q4|
|Electricity||12 Apr 2011|
|CEER Guidelines of Good Practice on generation adequacy treatment in electricity||Q4|
|Customer||CEER Advice on the take-off of a demand response electricity market with smart meters||11 Feb 2011|
|CEER Guidelines of Good Practice on retail market design, with a focus on supplier switching and billing||10 Feb 2011|
|CEER Advice on price comparison tools||Q3|
|Cross Sectoral||CEER Advice on wholesale trading passport Registration is open||31 May 2011|
The standard period for ERGEG public consultation is 8 weeks. See the public consultations section of the website.
See all dates of Regional Initiatives meetings (RCC, IG, SG) on the ERGEG online Calendar.
North-West gas region –a facilitator of 3rd Package implementation
Within the Gas Regional Initiative North West (GRI NW), stakeholders of ten different countries are working together to further develop the gas market at a regional level. Following an open dialogue during the Stakeholder Group meeting of November 2010, it was decided that GRI NW would concentrate on two projects in 2011 (Transparency and Investment) and that an open dialogue on Framework Guidelines and Network codes would take place (so-called Pre-comitology meetings in GRI NW).
Following the finalisation of the work plan, the project leaders have made a first draft of the project plan and several stakeholders have given their opinion towards each project plan. At the 21st NW RCC meeting on 12 May 2011, regulators have discussed each project plan in more detail. The project plans (already circulated to participants in the IG-meeting) are now in the process of being finalised.
GRI NW has twice previously conducted projects to improve Transmission and Storage transparency and have received positive feedback on the resulting improvements. This also influenced the move to enshrine greater transparency into legislation under the 3rd Energy Package. This project is being undertaken to ensure that, following this development, these new transparency requirements are being implemented correctly.
The project proposes also using the GRI NW as a platform for discussion of the open season process in order to increase firm capacity from France to Luxembourg. The non-binding phase was launched at the November Stakeholders Group meeting. The outcome of discussions will be synthesised in a short paper in order to share the lessons learned from this process and to feed the European discussions on the revision of the Guidelines for Good Practice of Open Seasons Procedures (GGPOS).
Pre-comitology meetings in GRI NW region to facilitate 3rd Package Implementation
The work being undertaken by GRI NW provides a good example of cross-border cooperation between the countries involved and how the Regional Initiatives can be used to facilitate implementation of the 3rd Package and be a test bed of new ideas. Through this type of regional cooperation feeding into EU decision making, these countries are able to share best practice and gain from efficiencies through coordinated work and results. It should also facilitate stronger involvement by Member States in the Regional Initiatives, which is something that ERGEG has been advocating for some time.
CEER met with the Russian federal regulator, FTS, in St. Peterburg on 17 May.
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