european harmonisation
The EU ETS Third package came into effect on the 3rd March 2011 and denotes set of EU legislation for European electricity and gas markets. The core aims of this package are to enhance openness and competitiveness and improve integration in the EU Energy market.
The key elements of The Third Package are: Unbundling, National Regulation Authorities (NRAs), Consumer protection, Transmission, European Network Codes, European Framework Guidelines, Ten-year Network Development Plans (NDPs) and the Agency for Cooperation of Energy Regulators (ACER). This legislation will require European Network Codes (ENC) to be implemented which will take priority over national codes if the two are inconsistent.
company position
Overall, SmartestEnergy supports European harmonisation. We also agree with the general aims of the Third Energy Package but believe the 2014 delivery timetable is unrealistic.
We are not opposed to the idea of market splitting and feel that it is worthy of further consideration. However, if the UK is not part of a wider EU market, it makes more sense to maintain the current marginal pricing and locational charging arrangements to create the right incentives within the UK.
> Read the full company position
latest news
Network Code Capacity Allocation and Congestion Management consultation opens
28/03/2012
Network Code Capacity Allocation and Congestion Management (CACM) consultation is now open, following a draft network code issued by ENTSOe on the 23rd March.
The network code set out pan-European rules for the design of Day Ahead and Intraday markets and common arrangements for defining bidding zones and calculating capacities between those zones. The consultation closes on the 23rd May 2012.
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