Today’s one-year anniversary for the “Bridge to 2025” Conclusions Paper is a testimony to the strong link between regulators’ “Bridge” actions and the Energy Union strategy, and our engagement in:
• promoting liquid, competitive and integrated wholesale markets and a new deal for consumers;
Delivering the Energy Union through dialogue and collective action
One year on from the Bridge launch, regulators are already realising results focused on:
Lord Mogg, Chairman of ACER’s Board of Regulators and President of CEER, underlined the importance of continuous stakeholder engagement and delivering tangible benefits to consumers:
ACER ready to play a stronger role
ACER Director, Alberto Pototschnig, stated:
“Completion of the Internal Energy Market is at the core of the Energy Union Strategy. An integrated market, with an increased interaction between electricity and gas sectors, requires even greater cooperation among all actors and a fit for purpose governance and regulatory framework. ACER stands ready to play a greater role in a more robust regulatory oversight of the wholesale energy market, to reinforce regulatory cooperation and oversee the evolving role of network operators and other bodies. This requires firm commitments and action by all of us and effective monitoring.”
Regulators, in close cooperation with stakeholders, are contributing to delivering the Energy Union through ACER’s work on (post-2014) Internal Energy Market completion, infrastructure development, wholesale market monitoring, Gas Target Model implementation and a review of the Electricity Target Model. Concrete examples of CEER’s work include an assessment of the new role distribution system operators (DSOs) will play in the future IEM, advice on data management, forward-thinking work across a number of areas including security of gas supply, gas storage, well-functioning retail markets and future renewables support schemes in Europe, and continuing efforts to better engage consumer bodies in the regulatory process.
To read the full press release with Notes for Editors, please click here.