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Clean Energy Package, Winter Package

Winter package and Energy Union developments

Following the release of the “Winter Package” in November and CEER’s release of an overview paper following a conference in January, the European Commission have released this report together with a number of accompanying documents which can be found here. This post on EU Reporter highlights that the Energy Union has five strands:

  • “Energy security, solidarity and trust;
  • a fully integrated European energy market;
  • energy efficiency contributing to moderation of demand;
  • decarbonising the economy, and;
  • research, innovation and competitiveness”

The package contains many proposals to move the design of the electricity market to one which can support the move to the increased use of renewables, demand side response and other new developments. It includes changes to the balancing markets and an increased emphasis on DSOs.

This report on FTSE Global Markets summarises a speech made yesterday by EEX, highlighting the benefits of the package to the wholesale markets and therefore consumers, but also providing some feedback in terms of the proposals on market areas.

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on energy and commodity regulation. He has more than 20 years of experience in energy and commodity trading, credit, risk and financial technology. He has delivered a series of trading, credit and risk solutions to a wide variety of oil majors, power and gas companies and investment banks. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.

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