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Nicolaas Bel DG Energy Completing the EU internal energy market IFIEC, 22 November 2011.

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Presentation on theme: "Nicolaas Bel DG Energy Completing the EU internal energy market IFIEC, 22 November 2011."— Presentation transcript:

1 Nicolaas Bel DG Energy Completing the EU internal energy market IFIEC, 22 November 2011

2 | Completing the EU internal energy market EU energy policy EU energy policy defined by three objectives Security of Supply Competitiveness Sustainability

3 | Completing the EU internal energy market Completing the EU internal energy market. Target date What is to be done? » Implementing Third energy package and flanking measures » Harmonising market rules and network operation rules » Enforcing competition and State aid rules » Enhancing investments in infrastructure » Promoting regional initiatives

4 | Completing the EU internal energy market Implementing the Third energy package. A timely and correct implementation is a precondition for market opening and integration in the EU. Key topics: » Unbundling of networks » Strengthening of independence and powers of national regulators » New institutional set up. Implementation process to be accelerated. Flanking measures

5 | Completing the EU internal energy market Harmonising market rules and network operation rules. Rules to operate networks and markets on the basis of common principles. Objective: facilitate cross-border trade and reduce transaction costs to the benefit of businesses and consumers. Development of framework guidelines and network codes; extensive process involving stakeholders

6 | Completing the EU internal energy market Introducing a new institutional set up. ACER » Key role in developing technical rules at EU level together with ENTSOs and Commission » Can adopt decisions on cross border issues » Monitors and reports on market functioning. ENTSO » Key role in developing technical rules at EU level together with ACER and Commission » Develop network development plans » Promote regional cooperation between TSOs

7 | Completing the EU internal energy market See: Baltic Energy Market Interconnection Plan Electricity & Gas North-South Gas Corridor in Western Europe North-South Gas Interconnections & Oil Supply South Western Electricity Interconnections Central / South Eastern Electricity Connections Southern Gas Corridor North Seas Offshore Grid Gas Electricity Electricity and Gas Oil and Gas Smart Grids for Electricity in the EU Enhancing investments in infrastructure

8 | Completing the EU internal energy market Enforcing competition rules in the EU. Energy regulation interacts directly with application of competition and State aid rules. EU internal energy market can only function if rules on competition and State aids are respected. Effective enforcement by Commission and by national competition authorities remains essential

9 | Completing the EU internal energy market Promoting regional initiatives in the EU. New dynamism in regional initiatives - both for electricity and for gas - is fundamental to get to full market integration by 2014

10 | Completing the EU internal energy market Coordinating national energy policies. More cooperation and coordination needed between Member States. Future market design. Roadmap 2050 under preparation

11 | Completing the EU internal energy market EU + EEA Energy Community Parties Energy Community Observers Other Neighbourhood Policy Countries Source: European Commission Extending the EU energy market to neighbouring countries

12 Thank you for your attention


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