Expert group on wholesale energy market trading

Expert group on wholesale energy market trading

Scope of the group

Image
acer image

This group was active from 2017-2020 with the goal of advising the Agency on REMIT policy matters, including compliance with the obligation on market participants to disclose inside information. The group also advised the Agency on other EU regulations impacting energy trading and market functioning regulation on energy markets, including financial market regulation and finally, on the REMIT Regulation more broadly in order to develop proposals for any future review.​

​The group was composed of the following members (in alphabetical order):

  • Ms Volinka Augustenborg

  • Ms Camilla Berg

  • Ms Christine Hillion

  • Mr Karl-Peter Horstmann

  • Mr Robert Jambrich

  • Mr Pasi Kuokkanen

  • Ms Giulia Migueles-Pereyra

  • Mr Jethro van Hardeveld

  • Mr Pablo Villaplana

  • Mr Bernhard Walter

  • Mr Mark Csete (observer for ENTSO-E)

  • Ms Kathrine Stannov (observer for ENTSOG)​​

Ad hoc expert group on energy commodity derivatives

Ad hoc expert group on energy commodity derivatives

Scope of the group

Image
acer image

This group was active from 2015-2016 with the goal of advising the Agency and contributing to its work on issues related to energy commodity derivatives. 

Ad hoc expert group on energy commodity derivatives

Members

  • Mr Erik Korsvold

  • Mr Darren Lampert

  • Mr Rainer Landgraf

  • Mr Vince McCallion

  • Mr Iain McGowan

  • Mr Gideon McLean

  • Mr Riccardo Rossi

  • Mr Jorge Simão

  • Mr Simon Smith

  • Mr Jaroslaw Ziębiec

PC_2021_E_02 Public consultation on the cross-border capacity allocation methodologies for the exchange of balancing capacity in the Hansa, Core and Baltic regions

PC_2021_E_02 Public consultation on the cross-border capacity allocation methodologies for the exchange of balancing capacity in the Hansa, Core and Baltic regions

What is it about?

Early in 2021, the National Regulatory Authorities for energy from the Hansa, Core and Baltic regions asked the European Union Agency for the Cooperation of Energy Regulators (ACER) to decide on the respective market-based cross-border capacity allocation process for the exchange of balancing capacity in their region.

This request follows the Article 41 of the Regulation (EU) 2017/2195 establishing a Guideline on Electricity Balancing (EB Regulation).

Additionally, regulators from the Core region asked ACER to decide on the regional cross-border capacity allocation process for the exchange of balancing capacity to be based on economic efficiency in accordance with Article 42 of the EB Regulation.

ACER is now collecting comments from stakeholders in order to take an informed decision.

All interested parties are invited to submit their inputs by 2 May 2021, 23:59 hrs (CET).​

Would you like to find out more on the topic? Join the ACER Public Workshop on 20 April (10 am - ​12 pm)​.​

Background information

The cross-border capacity allocation methodologies ensure efficient, transparent, and non-discriminatory capacity allocation for the exchange of balancing capacity or sharing of reserves.

The market-based process applies in case the allocation takes place not more than a week in advance of the provision of balancing capacity, while the process based on economic efficiency applies in case the allocation takes place more than one week in advance of the provision of balancing capacity.​

PC_2021_E_02 Public consultation on the cross-border capacity allocation methodologies for the exchange of balancing capacity in the Hansa, Core and Baltic regions

Consultation documents

PC_2021_E_02 Public consultation on the cross-border capacity allocation methodologies for the exchange of balancing capacity in the Hansa, Core and Baltic regions

Evaluation of responses and responses

N​ot available yet.

PC_2021_E_03 Public consultation on reasoned amendments to the Capacity Allocation and Congestion Management Regulation (CACM 2.0)

PC_2021_E_03 Public consultation on reasoned amendments to the Capacity Allocation and Congestion Management Regulation (CACM 2.0)

What is it about?

On 22 January 2020, ACER received a request by the European Commission to provide a recommendation on reasoned amendments on the Regulation (EU) 2015/1222 establishing a Guideline on Capacity Allocation and Congestion Management ('CACM Regulation') in accordance with Article 60(3) of the Regulation (EU) 2019/943 on the internal market for electricity ('Electricity Regulation'). The CACM Regulation provides binding rules for the implementation and operation of an EU-wide single market coupling and capacity calculation in the day-ahead and intraday timeframes.

ACER is launching this public consultation on proposed amendments to the CACM Regulation with the objective to gather views and information from all stakeholders. Inputs received from the consultation will inform ACER in preparing the final recommendation to the European Commission towards the end of 2021.

All interested parties are invited to submit their input to the consultation by 10 June 2021, 23:59 hrs (CET).

ACER is also organising two workshops on 10 May with the purpose of introducing proposed amendments and assist stakeholders in providing feedback to the public consultation. Stakeholders can register for the workshops here:

10 May 2021, 10.00 - 11.30 CET Workshop 1 European market coupling organisation & operation 

10 May 2021, 15.00 - 16.30 CET Workshop 2 Capacity calculation and bidding zone review

Please note that attendance to these w​orkshops is limited to a maximum of one seat per organisation and will be allocated on a first-come-first-serve basis.

A recording will be available after the event.

PC_2021_E_03 Public consultation on reasoned amendments to the Capacity Allocation and Congestion Management Regulation (CACM 2.0)

Consultation documents

PC_2021_E_03 Public consultation on reasoned amendments to the Capacity Allocation and Congestion Management Regulation (CACM 2.0)

Evaluation of responses and responses

Not ready yet.​​

Gas tariffs reports: ACER recommends Lithuania to better justify domestic tariffs and mechanisms to compensate the discount granted to Klaipėda LNG entry

Image
Gas pipeline
Intro News
In its second report on the implementation of the European Union (EU) Network Code on Harmonised Transmission Tariff Structures for Gas in Lithuania, the EU Agency for the Cooperation of Energy Regulators (ACER) recommends the Lithuanian national regulato

Gas tariffs reports: ACER recommends Lithuania to better justify domestic tariffs and mechanisms to compensate the discount granted to Klaipėda LNG entry

What is it about?

In its second report on the implementation of the European Union (EU) Network Code on Harmonised Transmission Tariff Structures for Gas in Lithuania, the EU Agency for the Cooperation of Energy Regulators (ACER) recommends the Lithuanian national regulatory authority for Energy (VERT) to better substantiate that no discrimination is induced by the difference between the two tariffs applied to domestic consumers. The Agency also recommends to provide a description and a justification for the mechanisms used to compensate the discount granted to Klaipėda LNG entry, in accordance with the Network Code to improve the Lithuanian security of supply.

VERT proposes a postage stamp reference price methodology (RPM). This RPM should in theory be simple and should lead to equalised domestic and cross-border exit tariffs. VERT however applies several asset-cost splits and a complex mechanism to compensate the discount granted to Klaipėda LNG entry. These additional complexities aim at improving the cost-reflectivity of the tariffs and at limiting cross-subsidies between domestic and cross-border users. They lead to differentiated tariffs among domestic exits and among cross-border exits. The Agency recommends VERT to publish additional information and to clarify the legal base justifying these complexities.

VERT shall take a motivated decision by 17 July 2021. 

Access the report​.

Find out more and access all ACER reports on national tariff consultation documents.

ACER consults on reasoned amendments to the Capacity Allocation and Congestion Management Regulation

Image
High voltage tower

ACER consults on reasoned amendments to the Capacity Allocation and Congestion Management Regulation

The EU Agency for the Cooperation of Energy Regulators (ACER) launches today a public consultation on reasoned amendments to the Capacity Allocation and Congestion Management​ Regulation (CACM 2.0). This Regulation provides binding rules for the implementation and operation of an EU-wide single market coupling and capacity calculation in the day-ahead and intraday timeframes.

 All interested parties are invited to submit their input to the consultation by 10 June 2021.

The purpose of the consultation is to gather stakeholder views and inform ACER when preparing the final recommendation to the European Commission on the amendments to the CACM Regulation.​

​Two workshops will be organised by ACER on 10 May 2021 with the purpose to introduce proposed amendments and assist the stakeholders in providing feedback to the public consultation. It will also allow the Q&A with ACER and NRAs involved in the drafting of the amendments.

 

The first workshop 'European market coupling organisation & operation' will be held on 10 May, from 10.00 - 11.30 CET (find out more and register here) and the second one on the topics of 'capacity calculation and bidding zone review' will be held on 10 May, 15.00 – 16.30 CET (find out more and register here).​

Please note that attendance to these workshops is limited to a maximum of one seat per organisation and will be allocated on a first-com​e-first-serve basis.

A recording will be available after the events.

Access the consultation​

ACER to decide on the electricity cross-zonal capacity allocation methodologies for the exchange of balancing capacity in 19 EU Member States

Image
Baltic TSOs

ACER to decide on the electricity cross-zonal capacity allocation methodologies for the exchange of balancing capacity in 19 EU Member States

What is it about?

The National Regulatory Authorities (NRAs) for energy from the Hansa, Core and Baltic regions asked the European Union Agency for the Cooperation of Energy Regulators (ACER) to decide on the respective region's market-based cross-border capacity allocation process.

To take an informed decision, ACER is inviting all interested parties to submit their comments by 2 May 2021.​

The Hansa region comprises of 5 countries: Denmark, Germany, the Netherlands, Poland and Sweden.

The Core region includes 13 countries: Austria, Belgium, Czech Republic, Croatia, France, Germany, Hungary, Luxemburg, the Netherlands, Poland, Romania, Slovakia, Slovenia.

The Baltic region comprehends 6 countries: Estonia, Finland, Latvia, Lithuania, Poland and Sweden.

Additionally, regulators from the Core region asked ACER to decide on the regional cross-border capacity allocation process to be based on economic efficiency.

What are the benefits?

The cross-zonal capacity allocation methodologies ensure efficient, transparent, and non-discriminatory capacity allocation for the exchange of balancing capacity or sharing of reserves.

The market-based process applies in case the allocation takes place not more than a week in advance of the provision of balancing capacity, while the process based on economic efficiency applies in case the allocation takes place more than one week in advance of the provision of balancing capacity.

How does ACER contribute?

ACER Decisions will contribute to the integration of the balancing capacity markets by establishing the rules for allocating the cross-border capacity needed to facilitate the balancing capacity procurement at regional level.

Among the next steps:

​A Decision will be reached per each capacity calculation region (CCR) by:

  • 27th July 2021 (Hansa CCR)
  • 22nd August 2021 (Core CCR)
  • 26th August 2021 (Baltic CCR)

Would you like to learn more about the topic? Read more on the ACER public workshop on 20th April.

ACER adopted a Decision on the Amendment of the Fallback Procedures of the Core Capacity Calculation Region

Image
Transmission green

ACER adopted a Decision on the Amendment of the Fallback Procedures of the Core Capacity Calculation Region

What is it about?

The European Union Agency for the Cooperation of Energy Regulators (ACER) adopted a Decision on the Amendment of the Fallback Procedures of the Core Capacity Calculation Region (CCR).

In December 2020, the National Regulatory Authorities for energy of 13 Members States​ (Austria, Belgium, Croatia, Czech Republic, France, Germany, Hungary, Luxembourg, the Netherlands, Poland, Romania, Slovakia and Slovenia) - the Core CCR - asked ACER to decide on the amendment of the fallback procedures.

What are the fallback procedures?

In the event that the single day-ahead market coupling process is unable to produce the results of the day-ahead coupling, the fallback procedures of the Core CCR foresee the execution of shadow auctions. Current shadow auctions in the Core CCR are based on the explicit allocation of electricity in the form of Physical Transmission Rights (PTRs). The procedures for these shadow auctions and the requirements for the participation of market participants are laid down in Annex II of this Decision - Shadow Allocation Rules (SARs)​.

What are the consequences of this amendment?

With the implementation of this new amendment, there will be a change of the publication deadline of the shadow auction results from 13:50 CET to 14:00 CET on the day preceding the electricity delivery. The change of publication deadline is a result of the change in the Single Day Ahead Coupling (SDAC) operational timings in order to allow more time for the price coupling algorithm to calculate day-ahead results and thus alleviating some burden from the algorithm due to its growing performance requirements.

These changes will also increase the harmonization of the procedures among the Joint Allocation Office, Transmission System Operators (TSOs) and market participants, as well as reduce the risk of decoupling.

Access the Decision No 02-2021.

ACER consults on the amended statutory documents of ENTSO-E

Image
Discussing electricity

ACER consults on the amended statutory documents of ENTSO-E

What is it about?

The EU Agency for the Cooperation of Energy Regulators (ACER) launches today a consultation on amended statutory documents of the European Network of Transmission System O​perators for Electricity (ENTSO-E)​.

ENTSO-E, having its seat in Brussels, Belgium, has amended its statutory documents (Articles of Association and Internal Rules), primarily with a view to ensure compliance with the new Belgian Code of Companies and Associations as regards transparency towards shareholders by ensuring publicity of provisions affecting members' rights.

The amended statutory documents of ENTSO-E and submitted to ACER for opinion, consist of:

  • Articles of Association as amended
  • Internal Rules as amended

To issue an informed opinion, ACER seeks views from the organisations representing all stakeholders, in particular system users, including consumers until 12 April.

Access the consultation.

Deadline extended: call for expressions of interest to join the ACER Board of Appeal

Image
Alert

Deadline extended: call for expressions of interest to join the ACER Board of Appeal

What is it about?

​​​​The European Commission has extended the deadline for expressions of interest for persons interested in becoming a member or alternate of the Board of Appeal ​of the EU Agency for the Cooperation of Energy Regulators (ACER).​

The term of the current members and alternates will end on 18 October 2021.

ACER's Board of Appeal's new members and alternates will be selected and proposed by the European Commission.

The deadline for applications has been extended until the 25th May 2021​.

For more information, see the extended deadline for the call for expressions of interest on the European Commission's website.​

For more on the ACER Board of Appeal.