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Clean Energy Package

This category contains 11 posts

Capacity market suspended in GB

Last Thursday, the European Court of Justice (ECJ) ruled in favour of Tempus Energy, against the European Commission, annulling the Commission’s State aid approval for the UK Capacity Market. As a result the Capacity Market in Great Britain has been suspended. The notice from the UK Department of Business, Energy & Industrial Strategy (BEIS) can … Continue reading

Clean energy package update

The “Clean Energy Package” took another step forward this week in the European Parliament following a circuitous path to approval. The parliament voted for a 35% renewables target by 2030, as reported here on the PV Magazine web site. This post on the Euractiv web site discusses the various types of resistance encountered, despite broad … Continue reading

2018 begins – what does it have in store?

The 2018 working year starts today for most, which provides a good opportunity to consider the months ahead. Start of year The end of 2017 has unsurprisingly busy, with several pieces of news posted since our “end of year” entry.  In addition to today being the first day on which Swiss “FC-” and “NFC+” entities … Continue reading

Brexit considerations in energy and financial regulation

With the discussions on the details Brexit now taking place at governmental level (for example see this article on the Reuters web site), many in the market will wish to understand how the UK’s departure from the EU will affect business activity. Those in the Energy and Commodity sector will need to understand this on … Continue reading

EFET comments on “Clean Energy” package

The provisions of the “Clean Energy Package” (also known has the “Winter Package”) were announced at the end of November 2016 and discussed at a conference held in Brussels in January. The contents of the package are far reaching and build on the principles of the Internal Energy Market. EFET have now released this paper, … Continue reading

The Energy Union, Internal Market and Brexit

With the story in the UK around the “Brexit” process still unfolding, many are considering how the exit will impact the Energy Union and the UK’s role in it.  An event was held on 30th March in London by the Florence School of Regulation, European University Institute and the Robert Schuman Centre for Advanced Studies. … Continue reading

Article on regulatory change and architecture

See here for an article by Ian Sutherland on The OTC Space about implementing regulatory change and technology. While the article is focused on banking , the energy and commodity sector is in the process of grappling with similar issues. These are the ones of whether to approach regulatory change on a strategic or tactical … Continue reading

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, … Continue reading

Winter package developments

Last week saw the CEER/ACER conference (see here) which followed the release of the “Winter Package” last November(see here). The package contains several legislative proposals which aim to reform Europe’s Energy market to support the move to renewables and shorter term trading in general. Amongst the proposals is an increased emphasis on ACER, changes and … Continue reading

What does 2017 have in store for us?

For many, today is the first working day of 2017, which is also the original start date of MiFID II, before it was delayed by a year. With an eventful year behind us, what can we expect in the coming months, both on paper and in reality? Rules There is one year to go until … Continue reading