The “Annual Report on the Results of Monitoring the Internal Electricity and Natural Gas Markets in 2012” was jointly presented last week by the Agency for the Cooperation of Energy Regulators (ACER) and the Council of European Energy Regulators (CEER). It notes that progress has been made towards the implementation of the Third Energy Legislative Package and the completion of the internal energy market. Yet consumers are not in a position to reap the full benefits of the internal market, and had to see post-tax electricity prices rise on average by 4.6% for households and 5.2% for industrial consumers in 2012 and post-tax gas prices by even 10% respectively 11% despite low economic growth. Large disparities in pre-tax electricity and gas prices for both households and industrial consumers persist across the EU, even between countries with similar retail market frameworks.
Tag Archive for 'ACER'
The EU Agency for the Cooperation of Energy Regulators (ACER) and the Council of European Energy Regulators (CEER) have launched a consultation on their 2013 draft work programmes.
The Federal Ministry of Economics and Technology (BMWi) has presented a bill on the establishment of a market transparency agency for gas and electricity wholesale. The new agency is part of the 10-Point Immediate Action Programme of German Energy Concept 2010 which has partly been reversed by the 2011 energy legislative package that provides for withdrawal from nuclear energy by 2022 and shifts priority to renewable energy.
Today the European regulation No 1227/2011 on wholesale energy market integrity and transparency entered into force (REMIT). With it, as of today, insider trading and market manipulation are specifically prohibited in the covered area. Market participants and persons professionally arranging transactions are now obliged to publish certain insider information.
The Council of European Energy Regulators (CEER) has presented a paper that proposes to introduce a Europe-wide Energy Wholesale Trading Passport, which sets uniform standards and replaces national regulatory access regimes respectively introduces them for the first time in some EU countries. This would create a level playing field and reduce bureaucracy, in particular for trading companies active in more than one country, CREER says.
The Council of the European Union yesterday adopted the Regulation on Energy Market Integrity and Transparency (REMIT) following a first-reading agreement reached by the European Parliament.
On Wednesday the European Parliament adopted its position for the Regulation on Energy Market Integrity and Transparency (REMIT) that shall establish rules prohibiting abusive practices on wholesale energy markets. REMIT aims at ensuring the integrity and transparency of European energy markets, preventing insider trading and market manipulation for the benefit of consumers on the increasingly interlinked European markets.
The Agency for the Cooperation of Energy Regulators (ACER) located in Ljubljana, Slovenia, officially started operations today. The event coincides with the entry into force of the Third Internal Energy Market Legislative Package, which contains a Regulation establishing ACER.
The Federal Ministry of Economics and Technology (BMWi) has released a paper outlining key issues for the upcoming amendment of the German Energy Act (Energiewirtschaftsgesetz – EnWG). The amendment shall mainly transpose the Third Legislative Package into German law.