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ACER Board of Regulators 6th Public Debriefing ACER Director and BoR Chair

This presentation outlines the key activities and outcomes of ACER and the Board of Regulators since the previous public debriefing in November 2014.

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ACER Board of Regulators 6th Public Debriefing ACER Director and BoR Chair

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  1. ACER Board of Regulators6th Public DebriefingACER Director and BoR Chair 25 February 2015, 16.00 - 16.30 Brussels TITRE

  2. Outline of the Presentation • Presentation of key ACER activities and BoR outcomes since previous public debriefing (18 November 2014) including: • Recap of 2014 • ACER Acts • Recent developments • Status update • Relations with institutions • 45th BoR agenda 2

  3. 2014 in numbers 10 BoR meetings 3 Public debriefings 27 AWG meetings 13 Events 6 ACER Consultations 21 ACER Opinions published 5 ACERRecommend-ations published 1 ACER Individual decisions published 3

  4. Highlights of 2014 • ACER Annual Conference 'REMITage: the age of REMIT‘, 10 June 2014 • Presentation of “Bridge to 2025” Conclusions Paper, 23 September 2014 • Presentation of ACER/CEER Market Monitoring Report, 22 October 2014

  5. ACER Acts November - February 5

  6. Key developments • 8 January 2015: EC’s Implementing Acts came into force & Agency’s new REMIT Portal went live • REMIT portal allows reporting parties to start registering themselves as Registered Reporting Mechanisms (RRMs) and will become a central point of entry to the Agency’s REMIT Information System (ARIS) • Available on the REMIT portal also its supporting documentation, Transaction Reporting User Manual, Manual of Procedures on transaction and fundamental data reporting, Requirements for Registered Reporting Mechanisms (RRMs) & a List of Organised Market Places • ACER welcomes the REMIT IA’s entry into force and announces launch of its new REMIT Portal 6

  7. Key developments • ACER presents the updated Gas Target Model • ACER’s vision for a competitive and secure European gas market that benefits all consumers, the so-called Gas Target Model (GTM), published in January 2015 • Agency’s recommendations for meeting the new challenges faced by the European gas market were heard by stakeholders from across the sector at an event held on 16 January 2015 which gathered more than 120 participants and many others joined through web stream • Recommendations aimed at improving competitiveness to ensure security of supply; facilitating the emergence of a well-functioning and transparent wholesale market; and optimising the role of gas in complementing RES generation 7

  8. Key developments ACER publishes its first Implementation Monitoring Report on Gas Congestion Management Procedures (CMP) • 13 January 2015 ACER published its first Implementation Monitoring Report on Gas Congestion Management Procedures (CMP) • Based on surveys among TSOs and NRAs, detailed analyses and case studies as well as an initial evaluation of the effects of CMP implementation, the Agency finds incomplete implementation and limited application of congestion management procedures across the EU 8

  9. Key developments ACER and FERC to enhance cross-border wholesale energy market monitoring • 06 February ACER published a Memorandum of Understanding (MoU) signed with the US Federal Energy Regulatory Commission (FERC) to enhance consultation, cooperation and the exchange of information relating to the monitoring of cross-border wholesale energy markets • MoU an important step in ensuring the effective monitoring of wholesale electricity and gas market activities in both the US and the EU and will promote market integrity and customer protection in the global energy markets 9

  10. ACER 2015 Work Programme • Complete transposition of third Package • Implementation and Monitoring of Network Codes Theme 1: (Post-) IEM Completion Theme 2: Wholesale Energy Market Integrity and Transparency • REMIT Implementation • Wholesale Market Monitoring • Gas TYNDP • Selection of PCIs for the 2nd EU list • Cross-Border Cost Allocation Theme 3: The Infrastructure Challenge Theme 4: Future Challenges, including RES Integration Challenge • “Bridge” Future Challenges • Review of the Electricity and Gas Target Models Revised and adopted in February in line with the final budget allocated to ACER 10

  11. ACER Deliverables 2015 * (Post-) IEM Completion The Infrastructure Challenge Wholesale Energy Market Integrity & Transparency Future Challenges • Facilitation of development of flexible response • & more coordinated and consistent approach to system adequacy & design of interventions (CRM) • Enhancement of the regulatory oversight of the ENTSOs • Implement and review GTM Scoping on FGs Transmission tariff structures (E) Settlement operational rules in emergency (G) Opinions/Recomm. NC Emergency & Restoration (E) Transmission tariff structures (G) Support during Ctte (E) Grid connection; CACM; FCA; Balancing (G) CAM Amendments Monitoring & Early Implementation Operation of CEREMP Monitoring of individual transactions on EU wholesale energy markets NRAs Coordination (& regional level) - on REMIT Implementation Coordination of NRAs’ market abuse investigations Annual Report Opinion on draft Regional lists of proposed PCI (2nd ) Annual Report on PCI implementation progress Rec. on CBCA requests - 2nd Union list of PCI NRAs cooperation Framework - set of indicators for unit investment costs * List not exhaustive 11

  12. Framework Guideline and Network Codes ACER has delivered all 8 Framework Guidelines and recommended 11 (of 14) Network Codes for adoption 12

  13. REMIT: Implementation timeline Registration of Market Participants Adoption of the Implementing Acts Entry into Force of the Implementing Acts Data reporting and monitoring by ACER 7 months to go! Trade data reporting obligation will start applying in October 2015 within 3 months after 9 months Jan2015 Dec 2014 Feb/Mar 2015 Oct 2015 13

  14. Stakeholder Engagement 14

  15. Relations with institutions Industry, Transport, Research and Energy Committee, European Parliament Value of strong cooperation with EP, including with ITRE, ACER CG, MEP Assistants Briefings in order to: • Increase awareness of our work • Early alert on issues of implementation and enforcement of legislation • & major new EU initiatives & legislative proposals Calendar of events • Presentation of MMR at ITRE Committee 5th November 2014 • ACER Contact Group reformed with new ITRE MEPs 9 December 2014 • MEP Assistants Briefing 27 January 2015 Issues to cover IEM completion - Progress in the adoption and implementation of Network Codes & Early implementation Better understanding of calendar/critical issues emerging in the process REMIT challenges & technical briefings Early discussions on some key reports such as MMR report New EU Initiatives & new legislative proposals 15 15

  16. Relations with institutions Our work fits within a broader EU context which has an increasing momentum such as: 16

  17. Our BoR agenda today I 17

  18. Our BoR agenda today II 18

  19. Access to documents Agendas and minutes of the meetings of the BoR, as well as its opinions and decisions are published on our website: • http://www.acer.europa.eu/Events/BoR/BoRmeetings/Pages/Previous-meetings.aspx 19

  20. Future BoR meetings and public debriefings 20

  21. Calendar for ACER events Save the day! 21

  22. Thank you for your attention Thank you for your attention! www.acer.europa.eu

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