Market Monitoring Report at a glance
The EU Agency for the Cooperation of Energy Regulators (ACER) and the Council of European Energy Regulators (CEER) in cooperation with the Energy Community produce the Market Monitoring Report (MMR).
The Annual Report on the Results of Monitoring the Internal Electricity and Natural Gas Markets (called MMR) normally consists of three volumes: the Electricity Wholesale Market; the Gas Wholesale Market; and Energy Retail and Consumer Protection.
However, in 2022, ACER will not publish a single report on Wholesale Electricity Markets in 2021 but a series of brief overviews.
As regards gas, ACER will publish two separate volumes in 2022. The Gas Wholesale Volume (July 2022) offers an overview of the present state of the EU gas markets. The Decarbonised Gases Volume will be out in November 2022.
The Energy Retail and Consumer Protection Volume will be out in October 2022.
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Electricity Wholesale Market Volume
The Electricity Wholesale Market Volume looks at the performance of European Union (EU) electricity markets, with a focus on cross-border issues.
The Volume consists of three sections:
Section I provides an overview of the main developments in electricity wholesale markets (production, demand, prices).
Section II provides an overview of the internal electricity market, including:
An assessment of the level of cross-zonal capacity for cross-zonal trade in light of the minimum level of capacity required by the Clean Energy Package
An assessment of the level of efficiency in the use of cross-zonal capacity in the various market timeframes
An update on capacity mechanisms, related costs, and on the necessity of these mechanisms, already in operation or under consideration, on the basis of perceived adequacy concerned
An update on the offer of interruptibility schemes in Europe
A first analysis on barriers to market entry and price formation
Section III provides an overview of progress made in the Energy Community regarding the implementation of energy market rules and the associated benefits.
In 2022, ACER will not publish a single report gathering all monitored aspects of the Wholesale Electricity Markets in 2021 but a series of brief overviews.
Gas Wholesale Markets Volume
ACER will publish two separate gas volumes of the Market Monitoring Report (MMR) in 2022.
The (usual) Gas Wholesale Market part offers an overview of gas markets functioning in 2021 and the first half of 2022 and the trajectory towards an Internal Gas Market.
It looks at:
- gas market developments and the drivers of the unprecedented gas price rise.
- the level of competition and gas market functioning
- the positive effect on markets of implementation of the gas Network Codes
The new Decarbonised Gases volume will look at the current state of decarbonisation of the EU gas systems and mid-term trajectory.
Energy Retail and Consumer Protection Volume
The 2020 Energy Retail and Consumer Protection Volume looks at developments in Europe’s energy retail markets and outlines the current status regarding consumer protection measures in 2020.
The Volume consists of three key chapters and includes information on the following:
- The performance of European energy markets from the perspective of the final consumer perspective;
- Level of supplier activity in EU retail energy markets;
- Energy consumption levels from domestic consumers across the EU;
- Switching rates by energy consumers in the EU;
- The status regarding the availability of comparison tools;
- The status regarding the roll out of smart meters in 2020 and expected completion of roll-outs across the EU;
- The level and evolution of retail electricity and gas prices, for both household and industrial consumers in EU Members States, Norway and the Energy Community Contracting Parties
- Energy bills and their breakdown across the EU Member States, Norway, and the Energy Community Contracting Parties
- The relationship between the wholesale price and the energy component of the retail price for households
- Information on the existence of consumer protection mechanisms and,
- Complaint processes available to energy consumers and what consumers complain about.
Consumer Protection and Empowerment Volume
The Consumer Protection and Empowerment volume looked at the performance of European energy markets from the final household consumer perspective. The volume explored the impact of the Third Energy Package provisions into national legislation. It analysed in depth public service obligations, the protection of vulnerable consumers, consumer information rights, smart meters and consumer complaints. The report also elaborated on the existence and effectiveness of consumer protection mechanisms and included a set of recommendations on how to further enhance consumer rights.
From 2019 edition this publication is titled Energy Retail and Consumer Protection Volume and integrate the previously separate Consumer Protection and Electricity and Gas Retail Markets Volumes.