Transcript Outline of the Agency’s Work Programme for 2014

ACER Board of Regulators
6th Public Debriefing
ACER Director and BoR Chair
25 February 2015, 16.00 - 16.30
BrusselsTITRE
.
Outline of the Presentation
Presentation of key ACER activities and BoR outcomes
since previous public debriefing (18 November 2014)
including:
 Recap of 2014
 Status update
 ACER Acts
 Relations with institutions
 Recent developments
 45th BoR agenda
2
2014 in numbers
10
3
27
13
BoR
meetings
Public
debriefings
AWG
meetings
Events
5
21
1
ACER
Opinions
published
ACER
Individual
decisions
published
6
ACER
ACER
Consultations Recommend
-ations
published
3
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
ACER Acts November - February
Gas
Electricity
• ACER Opinion on ENTSOG's 2015 Annual Work
Programme, 27 November 2014
• ACER Opinion on ENTSOG's Winter Supply Outlook 201415, 22 December 2014
• ACER Opinion on the implementation of the investments
in gas network development plans, 05 January 2015
• ACER Opinion on the draft ENTSO-E Work Programme
2014-2015, 22 December 2014
• ACER Opinion on the draft ENTSO-E Scenario Outlook &
Adequacy Forecast 2014-2030, 22 December 2014
• ACER Opinion on the ENTSO-E draft Ten-Year Network
Development Plan 2014, 04 February 2015
5
Key developments
 ACER welcomes
the REMIT IA’s
entry into force
and announces
launch of its new
REMIT Portal
.
.
.
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
6
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
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
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
ACER 2015 Work Programme
Theme 1: (Post-) IEM
Completion
Theme 2: Wholesale Energy
Market Integrity and
Transparency
Theme 3: The Infrastructure
Challenge
Theme 4: Future Challenges,
including RES Integration
Challenge
•
•
Complete transposition of third
Package
Implementation and Monitoring
of Network Codes
•
•
REMIT Implementation
Wholesale Market Monitoring
•
•
Gas TYNDP
Selection of PCIs for the 2nd EU
list
Cross-Border Cost Allocation
•
•
•
“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
ACER Deliverables 2015 *
(Post-) IEM
Completion
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
* List not exhaustive
Wholesale Energy
Market Integrity &
Transparency
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
The Infrastructure
Challenge
Future Challenges
Rec. on CBCA
requests - 2nd
Union list of PCI
Facilitation of
development of
flexible response
& more
coordinated and
consistent
approach to
system adequacy
& design of
interventions
(CRM)
NRAs cooperation
Framework - set of
indicators for unit
investment costs
Enhancement of
the regulatory
oversight of the
ENTSOs
Opinion on draft
Regional lists of
proposed PCI (2nd )
Annual Report on
PCI implementation
progress
Implement and
review GTM
Annual Report
11
Framework Guideline and Network Codes
ACER has delivered all 8 Framework Guidelines and
recommended 11 (of 14) Network Codes for adoption
FG adopted by
the Agency
NC Status
Electricity
Grid Connection
20.07.2011
3 NCs recommended for adoption
Capacity Allocation
and Cong. Manag.
29.07.2011
1 NCs recommended for adoption
1 NC approved in Comitology
System Operation
02.12.2011
3 NCs recommended for adoption
1 NC being drafted by ENTSO-E
Balancing
18.09.2012
1 NC ACER drafting
recommendation
Gas
Capacity Allocation
03.08.2011
OJ: 14.10.2013 EiF: 1.11.2015
Balancing
18.10.2011
OJ: 26.03.2014 EiF: 1.10.2015
Interop. & Data Exch.
26.07.2012
1 NC in Comitology
Harm. Tariff Struct.
29.11.2013
1 NC being drafted by ENTSOG
12
REMIT: Implementation timeline
7 months to go!
Trade data reporting obligation will start
applying in October 2015
Adoption of the Implementing Acts
Entry into Force of the Implementing Acts
within 3
months
Registration of Market Participants
Data reporting and
monitoring by ACER
after 9
months
Dec Jan Feb/Mar
2014 2015 2015
Oct
2015
13
Stakeholder Engagement
14 November 2014
•ACER launches a public Consultation on the provisional REMIT list of Organised
Market Places
03 December 2014
•ACER calls for comments on the revised ENTSO-E Network Code on Electricity
Balancing
12 December 2014
•ACER and ENTSO-E launch a public consultation to create Stakeholder Committees
on (electricity) Network Codes
18 December 2014
•ACER invites third parties to send observations on the Lithuania-Poland Electricity
Interconnection Project by 9 January 2015
3 February 2015
•ACER launched a call to interested third parties to express their views on the new
Lithuanian gas tariff methodology
4 February 2015
•ACER launches a Public Consultation on the changes to the Incremental Capacity
Proposal by ENTSOG
14
Relations with institutions
Value of strong cooperation with EP,
including with ITRE, ACER CG, MEP
Assistants Briefings in order to:
Industry, Transport,
Research and
Energy Committee,
European
Parliament
 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
Relations with institutions
Our work fits within a broader EU context which
has an increasing momentum such as:
Energy Union
Communication adopted
today (25 Feb 2015)
ACER & CEER PR welcomes
the EU initiative
Communication on 10%
interconnection target
Retail energy market
Communication
EU Energy Security
Strategy and Study
Commission review of
the Security of Gas
Supply Regulation
Juncker Investment Plan
16
Our BoR agenda today I
Cross
Sectoral
Market
Integrity and
transparency
•Energy Union Communication adoption update from EC
•Discussion of Energy Community Analytical Paper
•Adoption of new ACER Policy for Conflict of Interests - Update from
ACER
•OTHER
•Appointment of the AEWG, AGWG and AIMP WG Chairs:
•Mr Fernando Hernández new Chair of the AEWG
•Mr Walter Boltz and Mr Koen Locquet appointed for a new term as
AGWG and AIMP WG chairs
•ACER BoR Chair and Vice Chair to be appointed at the March BoR
meeting
• Status update on REMIT implementation
• Update on governance arrangements for the operational phase
of REMIT
• Preparation of ACER Recommendation regarding Technical
Advice of ESMA and planned Level-II rules regarding “physically
delivered”
• Discussion paper on the concept of “persons professionally
arranging transactions” (PPAT)
• Assessment of options for REMIT Market Surveillance Strategy
17
Our BoR agenda today II
Electricity, Gas
and
Infrastructure
challenge
Implementation
Monitoring and
Procedures
• Oral updates on the FGs and NCs
• Oral update on intraday
• Note on implementation of firmness regime on
CACM
• Update from EC on 10% Interconnection
Target
• Update on implementation, monitoring and
procedures
• BoR Rules of Procedure Revision to reflect new
ACER Conflict of Interest Policy
• Skeleton for 2015 Joint ACER-CEER Market
Monitoring Report
18
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/BoRmee
tings/Pages/Previous-meetings.aspx
19
Future BoR meetings and public debriefings
Public debriefing
Location
BoR
Date
Time
BoR 46
25 Mar
09.00-16.00
Ljubljana
BoR 47
06 May
09.00-16.00
Brussels
BoR 48
10 June
09.00-16.00
Ljubljana
BoR 49
16 July
09.00-16.00
BoR 50
16 Sep
09.00-16.00
Ljubljana
BoR 51
13 Oct
14.00-19.00
Madrid
BoR 52
17 Nov
14.00-19.00
Florence
BoR 53
16 Dec
09.00-16.00
16.00 – 16.30
16.00 – 16.30
Brussels
Ljubljana
20
Calendar for ACER events
Save the day!
24 March 2015: ACER workshop on electricity transmission tariff
harmonisation, Ljubljana
1 April 2015: ACER workshop on gas tariffs, Brussels
May/June 2015 (date TBC): ACER Annual Conference,
Ljubljana
16 July 2015: 7th ACER BoR Public debrief, Brussels
21
Thank you for
Thank you for your attention!
your
attention
www.acer.europa.eu