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How will the 3rd Energy Package Impact GRI NW ?. David Halldearn Energy Market Insights Limited 14 November 2008. Will the 3 rd package help?. “Regulatory gap” at the borders between national regulatory systems is largely addressed - PowerPoint PPT Presentation
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David HalldearnEnergy Market Insights Limited
14 November 2008
Will the 3rd package help?
“Regulatory gap” at the borders between national regulatory systems is largely addressed Essential for cross-border investments; system
operation; market interactions Codes (probably binding) will set cross border rules
National regulators should get the necessary tools to do the job
Duties of NRAs broadened to include EuropeanACER created to co-ordinate NRA actions
Possibility of binding GuidelinesTSOs will have EU level co-ordination bodies
What role will ACER have in Regional markets?Regional Initiatives will probably move from ERGEG to
ACER Regional Initiative will remain central to achievement of single
market
Legal responsibility to co-ordinate activities of NRAs Commission could propose binding Guidelines for co-operation
between NRAs Dispute resolution Exemption decisions where NRAs can’t agree
Co-ordination of regional and European regulatory policy Could be made binding through Code modifications
Co-ordinating Change to Single Market
Framework guidelines and first set of codes will not achieve SEMTask is simply too large, complex and costly
Modifications to codes will enable progress to SEM over time
Many interested parties can propose code changes with risk of divergent approaches
ACER will need to provide clear criteria for assessing code modifications against target of SEM
Regional activities will need to take account of these criteria to achieve convergence
Now Future
Wide regional
and national
differences
Convergence Single market
First set of codes First steps towards SEM
Modifications to codes
Convergence towards SEM
Further code modifications
Achievement of SEM
Progress will be both bottom up and top down
Single Market
Region
Region
RegionRegion
Region
European level
Regional level
Effective co-ordination at all levels will be essential
Bottom up Push for EU Policy
In reality progress across EU will be multi speedThere is no ‘blueprint’ for a single market – it has
to evolveTherefore, interactive nature of transition to
single market gives influence to advanced regionsGRI NW has great influence:
60% EU gas marketTechnically most advancedConstituency of big player countries
Political involvement inevitable – but not yet fully integrated into GRI NW
Timetable
ACER not operational before mid-2010 at the earliest
First Codes unlikely before 2012Regional market development remains
important in the interimSensible companies will not wait for 3rd
package implementationFurther industry restructuring is likely and
may impact on GRI NW
14 November 2008