ELECTRICITY : REGULATORS SUBMIT GUIDELINES ON FUNDAMENTAL ELECTRICITY DATA.
Following the usual lengthy consultation process, energy regulators have now sent off to the European Commission formal advice on fundamental electricity data. The detailed guidelines were submitted by the Council of European Energy Regulators (CEER), which brings together national energy regulators, as well as the European Regulators Group for Electricity and Gas (ERGEG), the Commission's own formal advisory group of energy regulators on internal energy market issues.
In their advice', regulators talk of establishing a minimum common level of fundamental data transparency. A further element in the guidelines is defining a minimum common level of publication of defined data on a fair and non-discriminatory basis across all member states. According to the regulators, this should allow all market participants to gain coherent and consistent views of the European wholesale electricity market.
The guidelines contain proposals on requirements for publishing information on generation, load, transmission and interconnectors as well as balancing. Another proposal is that a central information platform for publishing electricity data be established. ERGEG's advice on comitology guidelines for fundamental data transparency in electricity was a response to a Commission request to ERGEG to prepare such advice by the Florence Forum, on 13-14 December.
In a separate development, energy regulators clearly welcomed an 8 December Commission proposal for a regulation on energy market integrity and transparency (REMIT). The Commission's proposal gives new tasks guarding against energy market abuse and insider trading to the Agency for the Cooperation of Energy Regulators (ACER) as well as regulators at national level(1). John Mogg, president of ERGEG, noted that the Commission has picked up on recommendations in detailed advice given by ERGEG and financial market regulators (Committee of European Securities Regulators - CESR) in 2008. He called the Commission's proposal a "fair" compromise of interests closing an existing legislative gap.
The regulators' guidelines are available at www.europolitics.info > Search = 284504
Fundamental data' refers to historical and planning data of a technical or economic character. Such data may have an impact on the internal electricity market and relate to: 1. transmission network infrastructure operated by the transmission system operators (TSOs); 2. other infrastructure, including generation and consumption connected directly or indirectly to the transmission network; 3. any physical measure on transmission network infrastructure; and 4. any market-related transmission network calculation.
(1) ACER becomes formally operational on 3 March 2011.
|Printer friendly Cite/link Email Feedback|
|Date:||Dec 21, 2010|
|Previous Article:||ENERGY MARKETS : REGULATION PROPOSED AGAINST ABUSIVE MARKET BEHAVIOUR.|
|Next Article:||EU/UN/CLIMATE CHANGE : RELIEVED EU APPLAUDS CANCUN DEAL.|