Presentation on theme: "High-Level Meeting of Regional Energy Regulatory Associations of Emerging Markets Sergey Novikov Head of the Federal Tariff Service (FTS of Russia) April."— Presentation transcript:
High-Level Meeting of Regional Energy Regulatory Associations of Emerging Markets Sergey Novikov Head of the Federal Tariff Service (FTS of Russia) April 8, 2013 Istanbul Turkey
2 All energy issues within the G20 Agenda are dealt with in a single Energy Sustainability Working Group (ESWG), chaired by the Russian Federation and co-chaired by the Great Britain. The four priorities of the ESWG are: 1.Making energy and commodity markets transparent and more predictable 2.Promoting energy efficiency and green growth 3.Sound regulation for energy infrastructure/Promoting investment in energy infrastructure 4.Global marine environment protection The priorities were discussed and approved 19.02.2013 at the first face-to-face meeting of ESWG members in Moscow. 2013 RUSSIAN G20 PRESIDENCY: ENERGY AGENDA
The Russian Presidency has asked the Federal Tariff Service of Russia to consult with G20 energy regulators, to perform substantive work for discussion of the regulatory issues in the frameworks of G20 activities and to organize a Round Table of G20 Energy Regulators (G20+ Energy Regulators Summit) and submit its findings and conclusions to the G20 sherpas. FTS of Russia considers the “G8+ Energy Regulators Roundtable”, which took place in May 2009 in Rome, and its Statement as a very successful experience and aims at building upon it and developing further regulatory principles and approaches in a consensual manner. 3
4 STATEMENT PREPARATION TIMELINE March, 15 - first version of draft Statement March, 22 - initial comments and suggestions by the Program Committee By April 1 - circulation of an updated draft Statement among all G20+ Energy Regulators and other stakeholders Until April, 25 – collecting the opinions April, 25 – expert discussion of the draft Statement at the workshop by G20+ energy regulators (OECD premises, Paris) May - Finalizing draft Statement by G20+ Energy Regulators (through electronic mail exchange) June, 3-4 (Kazan, Russia) – discussion and approval of the Statement at the G20+ Energy Regulators Round Table July- Submission Energy Regulators Statement to the G20 Sherpas through the ESWG September (St. Petersburg) – acknowledgement of G20+ Energy Regulators Statement in the G20 Leaders Communiqué
5 G20+ ENERGY REGULATORS STATEMENT PROPOSED STRUCTURE Major highlights of a draft Statement prepared by the Program Committee: Energy market development; “Regulators within the scope of their duties play an important role in defining and enforcing energy market design and rules to ensure open and non-discriminatory market access, adequate and sustainable investments, to promote the public interest and to support public policies and related political choices. All energy regulators must develop further their own regulatory framework and approaches to ensure continued effective regulation. In case of emerging economies with ongoing market building process the NRAs should be deeply involved finding the suitable path leading to efficient national and regional markets.” Independence of energy regulatory system and regulatory process organization; “It is fundamental that NRAs are independent of political and industry pressure in order to provide both operators and consumers with a transparent, stable and predictable set of rules that promotes confidence in the functioning of market mechanisms and can adapt to the changing environment in the framework of established long-term policies. It is a prerequisite for an adequate flow of new investments needed for the development of secure, competitive and sustainable energy infrastructure and markets and guarantees customer protection.” “It must promote consistency of rules, market based mechanisms whenever technically and economically feasible, fair and reasonable tariffs, decision-making processes based on widespread consultation and involvement of stakeholders and transparent monitoring.” Consumer protection; “ Energy Regulators must ensure customers’ ability to have fair access to and use of energy markets and infrastructure. NRAs must ensure adequate protection for both existing and future customers and empower them. “ Energy Regulators capacity; “Regulation capacity, including efficient institutional set-up, trained professionals, expertise, forecast potential and resources, are a key to successful implementation of NRAs role.” Cooperation among Energy Regulators.
6 G20+ ENERGY REGULATORS “SUMMIT” OUTCOME Facilitating policymakers with joint understanding of relevant challenges and common vision on: Necessary regulatory institutions providing safe, secure, reliable, environmentally sound and efficiently adaptive energy infrastructures and promoting markets working in the public interest. Customer needs and consumer protection. Substantial performance of National Regulatory Authorities and their capacities.