E05-PC-04: Creation of Regional Electricity Markets - the Electricity Regional Initiative (ERI)
On 9th June 2005, the ERGEG launched a public consultation in publishing their views, for discussion, on how regional electricity markets within Europe might be created.
ERGEG would welcome comments from any interested parties on all aspects of their Creation of Regional Electrity Markets discussion paper. In particular comments on the following elements of the paper would be welcome:
The key market design features that may need to be addressed in creating a regional market (including any additional features not discussed within this paper).
The possible need for an overarching regional framework through which interaction across a regional market would be organised and regulated.
The role of regulators and governments in delivering regional electricity markets.
The proposed process for taking forward work on the creation of regional markets, in particular:
- the use of practical case studies through which the detailed issues for delivery of particular regional markets can be assessed, noting that the issues faced may vary depending on the national markets included within a region
- the use of the existing mini-fora regions as a basis for these case studies (with other 'regional groupings' being taken forward where countries agree) and the proposed involvement of member state governments, the Commission, regulators, TSOs, market operators and market participants in taking this work forward
Any comments should be received by 31st August 2005 and should be sent to:
Mrs Una Shortall
Tel. +32 2 788 73 30
Fax +32 2 788 73 50
The result of this public consultation was the launch by ERGEG (with the backing of the European Commission) of the Electricity Regional Initiative in Spring 2006 which set up 7 regional electricity markets in Europe, as a first step to creating a single-EU electricity market.
These regions identify and implement practical solutions to overcome barriers to competition and trade within the region.
Safeguards are in place so as to ensure that such regional market integration facilitates the ultimate objective, namely a single-EU electricity market.
See the Electricity Regional Initiatives section of the website.