Download presentation
Presentation is loading. Please wait.
Published byDorothy Hudgens Modified over 10 years ago
1
EURELECTRIC vision on market development – what can the industry provide to accelerate market development? Peter ŠTULC Chairman of EURELECTRIC TF flow-based methods CEZ, Head of Strategy EMCEF conference « Energy policy and restructuring », Prague, 23 March 2007
2
Electricity markets at the crossroads Keep momentum! Need for more market, not less! Risks for markets of getting “stuck” half-way -> High time to adopt measures that will secure fastest way to market integration -> EURELECTRIC regards the forthcoming EU legislative package as an opportunity to attain this objective
3
Energy Package Commission’s proposal of 10 January (markets) UNBUNDLING - ownership unbundling preferred option, - national ISO model as a second best approach TSO’s COOPERATION - Enhance level of TSO co-ordination via an ETSO+ - Introduce regional system operators with the establishment of cross-border system operators as an intermediary step
4
Energy Package Commission’s proposal of 10 January (markets) REGULATION - At national level: increase and harmonise regulators’ powers - At European level: improve process via ERGEG + or a Community body WHOLESALE MARKETS - Introduce legislative measures on market transparency (either through revision of CB regulation or new instrument)
5
Energy Package EURELECTRIC VIEWS Commission’s approach is sensible but more is needed to drive market integration forward (i.e. cooperation of TSOs and of regulators) Agrees with Commission’s analysis on current status of markets Ownership unbundling is not conducive to market integration Lack of incentives and political will are main reasons for slow development of interconnectors
6
Energy Package EURELECTRIC VIEWS ON TSO COOPERATION EURELECTRIC favours an approach that drives regional market development and is investigating the benefits of a regional ISO model - TSOs linking up their activities in regional markets (e.g. calculation of grid capacity, capacity allocation, secondary market, cross-border intraday, etc); - This would be an essential driver in bringing markets together; - This would also remove possibly remaining suspicion towards vertically integrated companies;
7
Energy Package EURELECTRIC VIEWS ON REGULATION EURELECTRIC acknowledges that regulators’ cooperation brought some improvement but a more efficient regulatory process is needed - Market integration requires a more European approach to regulation - This requires greater involvement of the Commission (i.e. ability to take appropriate actions and oversee process) - Such a process needs to deliver timely decision-making with effective consultation of stakeholders
8
Energy Package EURELECTRIC VIEWS ON WHOLESALE MARKETS EURELECTRIC is committed to creating a level- playing field on market transparency EURELECTRIC actively engaged in a voluntary process of disclosing generation data This is meant to pave the way for the Commission’s next legislative measures
9
Generally in line with EURELECTRIC general principles Development towards compliance with EURELECTRIC general principles DE: Since 10 April 2006 publication of data on EEX CWE: Implementation close to EEX standard CEE: industry proposal for voluntary disclosure scheme Implementation is ongoing … AT Companies join the German initiative
10
INTEGRATION OF WHOLESALE MARKETS WAY FORWARD M ore is needed to move to regionally integrated wholesale markets : - Integrate intra-day markets - Harmonise gate closures - Introduce market coupling - Develop secondary markets - Harmonise trading products and trading principles - Integrate balancing markets
11
OTHER ISSUES AT STAKE WAY FORWARD Markets also need: - removal of regulated prices in retail markets - appropriate integration of RES in the market, i.e. though the development of harmonised market-based schemes for RES support - bridging the gap between gas and electricity market development to ensure progress towards competitive gas markets
12
INTEGRATION OF WHOLESALE MARKETS WAY FORWARD Acceleration of market development should be based on a cumulative processes : - new legislative measures capable of driving genuine market integration - consistent development of the regional market initiatives - EURELECTRIC road map towards a pan-European market should be used as guidance for further market integration
13
Thank you for your attention. Representing the European Electricity Industry
Similar presentations
© 2024 SlidePlayer.com Inc.
All rights reserved.