ACER Publicly Consults On Its Proposal For A Framework Guideline To Establish A Network Code On Cybersecurity Date
30/04/2021
Today, the European Union Agency for the Cooperation of Energy Regulators (ACER) has launched a public consultation on its draft Framework Guideline on sector-specific rules for cybersecurity aspects of cross-border electricity flows, inviting stakeholders to share their views on the document ahead of its submission to the European Commission.
The non-binding Framework Guidelines will set out clear and objective principles for the development of a binding Cybersecurity Network Code that will contribute to maintain the security of the electricity system across Europe.
ACER: EU Gas Supply Sourcing Costs Fell To A Record Low In 2020 Due Mainly To COVID-19 Gas Demand Reductions And Record LNG Deliveries Date
26/04/2021
Average gas supply sourcing costs declined in 2020 in most EU Member States and the Energy Community Contracting Parties by more than 4 Euros/MWh year on year, according to today’s preliminary assessment by the EU Agency for the Cooperation for Energy Regulators (ACER) and the Energy Community.
The main drivers of the price decline were the demand reduction caused by COVID-19 and the highest-ever liquefied natural gas (LNG) deliveries registered during the first half of 2020. These resulted in historically low EU hub spot prices in the second quarter of 2020. The decline in the prices of other energy commodities and the above average underground storage stocks at the beginning of the injection season were other contributing factors. Even though hub prices partly recovered from the third quarter, average yearly supply sourc
Europees Parlement (EP)
Het Europees Parlement (EP) vertegenwoordigt ruim 450 miljoen Europeanen en bestaat momenteel uit 705 afgevaardigden (inclusief voorzitter). Nederland heeft 29 zetels in het Europees Parlement. Het Europees Parlement wordt geacht een stem te geven aan de volkeren van de 27 landen die aan de Unie deelnemen, en vooral te letten op het belang van de Unie in zijn geheel.
De leden van het Europees Parlement worden om de vijf jaar rechtstreeks gekozen door de burgers van de Europese Unie. De volgende verkiezingen zijn in 2024. Het Parlement debatteert op basis van voorstellen van de Europese Commissie en kan daarbij wijzigingen voorstellen, waarna het Parlement samen met de Raad van de Europese Unie een beslissing over deze voorstellen neemt.
ACER - REMIT Breach: Rock Trading World S.A. Fined For Manipulating The Spanish Gas Market Date
23/04/2021
The Spanish National Commission of Markets and Competition (CNMC) published today a decision in which it holds that the company Rock Trading World, S.A. (‘Rock Trading World’) manipulated the Spanish gas wholesale market between 3 and 7 November 2018, breaching the EU Regulation on Wholesale Energy Market Integrity and Transparency (REMIT). CNMC has imposed payments amounting to € 60,000.
CNMC found that Rock Trading World engaged in market manipulation, consisting in issuing non-genuine orders and executing transactions involving low volumes on the sell side of the market in order to provide false signals of a downward price trend, so that it could purchase large volumes of gas at lower prices on the within day products traded at Mercado Ibérico del Gas (MIBGAS). Such behaviour was repeated for four days. Furthermore, on 5 November 2018, Rock Trading World al