Presentation on theme: "European commission DG Energy and transport"— Presentation transcript:
1 European commission DG Energy and transport “3rd liberalisation package” ERI CEE SG Meeting 7.November 2007Matti Supponen Electricity and gas unit
2 EU energy policy in construction Under preparation:Climate change policy with emissions tradingRenewable targets and support mechanismsEnergy market package
3 North sea depleted, nuclear? BackgroundNorth sea depleted, nuclear?BottlenecksPrice regulationLong term contractsBig fourSuezReform in process€EdFEnelLack of capacityMarket conceptnot implementedNot gas for everybody
7 Share of congestion revenue reinvested in interconnection 900800700600500400300200100Ownership unbundled TSOsVertically integrated TSOsShare of reinvested congestion revenue33.3%16.8%387129104623Congestion revenue (2001-6/2005)It should be noted that these results need to be interpreted with caution because, firstly, interconnector investment is influenced by a number of factors and not only by the unbundling, secondly, investment planning and implementation takes some time and, thirdly, situations in which an ownership unbundled TSO at one side of the border faces an integrated TSO at the other side of the border can be an obstacle to investments. This being said, these caveats apply to all TSOs in an equal manner and should not systematically influence the above findings.Interconnector investmentSource: Energy sector inquiry
9 TSO co-operation Common tasks: Organisation: Draft technical and market codesOperate the networkPrepare 10-year investment planCo-ordinate researchOrganisation:ENTSO
10 Congestion management methods in 2008 Use of implicit auctionExplicit auction onlyPXNo congestionin the regionPoolPoolPXPXPXPower exchangewith implicitauctioningAOPXPXPXPXAO?AOAOPXPXAuction officePXPXSpecial featuresPXAO?PXPXPool
15 European Energy Agency TasksIndividual decisions on issues provided for in the EU legislationMonitoring the market and the co-operation between TSOsAdvice the CommissionOrganisationAbout 50 permanent staffRegulatory boardLocation ?
19 Market information Objective: Current legislation Better access to market for small playersCurrent legislationFor example load, network and production capacity data already requested but badly respectedTransparency for OTC-tradingRecord keepingPossibility for authorities to investigate for example market manipulation
21 Retail market Opening: Content Legislation until now concentrated on wholesale marketsDSO unbundling and consumer protection already on boardContentHarmonisationObjective at least regional retail markets“Retail forum” á la Florence and MadridSmart metering
22 Regional energy markets in the EU Moderately concentratedHighly concentratedVery highly concentratedcongestion
23 Thank you for your attention End of the storyThank you for your attention
Your consent to our cookies if you continue to use this website.