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Milestone in the creation of the world's largest and most competitive electricity market

By: ENTSO-E 09/12/2014 ENTSO-E

General Grid

Network Codes Are Indispensable for Europe’s Internal Electricity Market

The EU Energy Council called for the Third Energy Package to be fully implemented. EU Ministers particularly stress the importance of a timely adoption and implementation of network codes and guidelines. The adoption of CACM on Friday 5 December 2014 is a great success but eight network codes are still lined up to go through the European Commission's comitology process.

ENTSO-E's network codes and guidelines are the foundations of Europe's internal market in electricity. Without their adoption and implementation the internal market in electricity could be at risk. The adoption on 5 December 2014 of the Capacity Allocation and Congestion Management (CACM) Regulation by a large majority of Member States in comitology is a milestone in the creation of the world's largest and most competitive electricity market. But all ENTSO-E codes and guidelines are important. They are all interlinked and complementary to other tools, such as regional market coupling projects.

The Third Package defines the legal framework for the co-operation between the ENTSOs, ACER, the European Commission and other stakeholders. Reviewing this framework and the relations between the different players requires full transparency and stakeholder involvement. Furthermore any such review should primarily focus on promoting best practice and strong coherence among the different regulatory regimes in Europe.

The Council also calls for the EU's Projects of Common Interest (PCIs) to progress and for the Trans-European Energy Networks (TEN-E) Regulation to be enforced. ENTSO-E believes the European Commission should commit by 2017 to monitoring progress and assessing the effectiveness of the Regulation and of the Connecting Europe Facility. There is a need for greater convergence at EU level as far as regulatory incentives for investment in transmission infrastructure are concerned. All investment projects, not only PCIs, need adequate regulatory schemes. The European Fund for Strategic Investments can play an important complementary role in modernising European grids and supporting innovation in the energy sector.

TSOs through ENTSO-E are best placed to carry out generation and system adequacy assessments at European level. TSOs are the only organisations able to determine with the highest level of detail and precision risks on adequacy and associated impacts on security of supply. ENTSO-E is ready to work with the Commission, regulators and Member States through the Electricity Coordination Group to improve Europe's Scenario Outlook and Adequacy Forecast.
ENTSO-E is committed to cooperating closely with all parties to build a well-functioning electricity market which promotes the secure operation of the power system, the necessary investments and the integration of renewable energy sources.

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Milestone in the creation of the world's largest and most competitive electricity market

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