FSR

Nicolò Rossetto from the Florence School of Regulation asks Annabelle Lee from the Electric Power Research Institute a couple key questions regarding cybersecurity in the Energy Sector from a U.S. perspective.

"The issue of cybersecurity in the electric sector and gas both is of high importance and high visibility in the United States."

"Dealing with cybersecurity in the electric sector the primary importance is the reliability of the grid."

"How do you implement cybersecurity where you have a lot of very old equipment that you cannot put cyber security in? "

Ilaria Conti, Head of the Gas Area at the Florence School of Regulation talks to Jean Arnold Vinois, former director of DG Energy at the European Commission. She asks, "what is energy governance"?

Recorded in Bruges, Belgium, April 2017

"The concept of an Energy Union is already a kind of revolution where the idea is to approach energy in a holistic way"

"the first change which the Commission has brought into the Energy Union is to put the consumer first"

"the member states are going backwards because they don't want binding targets on renewals"

The Market Abuse Regulation (MAR): Technology for Meeting Market Abuse Regulation Challenges

In this podcast Yasmine Li and Shane Henley, from Baringa Partners, discuss the EU Market Abuse Regulation (MAR), which came into force in July 2016. The new EU-wide regime, replacing the previous Market Abuse Directive (MAD), is intended to harmonise measures addressing market distortion arising from regulatory arbitrage. The regulation extends its scope to new markets and redefines the terms of market abuse, introducing some significant changes including a transaction surveillance capability. This podcast outlines the key aspects of the regulation and its compliance obligations for energy players in the wholesale markets.

Link: Accompanying slides are available here

https://drive.google.com/open?id=0B0TGd4_CLZXNNGdiZkhGVVpYUWc

Description:

In this podcast, Deni Mantzari from the University of Reading addresses the looming effects of Brexit on the EU's internal energy market. While the terms of the UK's planned exit remain to be seen, unravelling their ties with the EU undoubtedly poses considerable challenges to an EU which is pushing toward an increasingly harmonised Energy Union. Up to this point, the UK has played a pivotal role in shaping the energy policies and regulations of the EU, particularly with respect to the liberalisation of the market. How will the UK's departure impact upon market integration initiatives, such as market coupling, cross-border balancing and cross-border capacity remuneration mechanisms, and the development of network codes? In addition, at the level of governance, while the UK will have to interact with the EU's energy networks, they will not be allowed to have representation in certain governing bodies such as ACER. In turn, without the UK's influence, how might the EU's energy priorities change? And, at an industrial and geopolitical level, how might a self-determined UK counter the challenges of being outside of the single market?

Video version here:

https://youtu.be/eI3DSKYb-I4

Capacity remuneration mechanisms are currently at the forefront of the EU energy debate with the electricity sector, in particular, undergoing a considerable shake-up. One element of this discussion, is cross-border participation in capacity remuneration mechanisms, which is becoming increasingly important to a Europe-wide approach of ensuring a sustainable security of supply and the efficiency of the internal energy market. In this podcast, Dan Roberts from Frontier Economics outlines the key issues surrounding cross-border participation. He considers it from several aspects: how much capacity should be allowed to cross over; if participation is permitted in more than one national scheme; who should participate - generators or interconnectors; what consumers are paying for; and lastly, the challenge of cross-border co-operation across Europe.

To view accompanying slides for the podcast, please see

http://www.slideshare.net/secret/E4pabGafFQGdXT

http://fsr.eui.eu/training/energy/regulation-integration-renewable-energy/

FSR’s new training on the Regulation and Integration of Renewable Energy will provide a comprehensive and detailed view of the European regulatory framework for the integration and development of renewable energy from top European experts.

Scientific Organisers:

Jean-Michel Glachant | Florence School of Regulation/RSCAS/EUI

Alberto Pototschnig | Florence School of Regulation/RSCAS/EUI and ACER

Interview by Pradyumna Bhagwat | Research Associate at Florence School of Regulation

Florence, 28 October 2016

FSR REGULATORY POLICY WORKSHOP SERIES 2016-2017

http://fsr.eui.eu/event/congestion-management-in-the-internal-energy-market/

The establishment of a fully integrated European energy market is one of the five mutually-reinforcing and closely interrelated dimensions of the EU Energy Union strategy aimed at bringing greater energy security, sustainability and competitiveness to the EU’s economy. In this regard, the integration of national markets has been one of the primary objectives of EU energy policy since the 1990s and has been pursued throughout three legislative packages and detailed provisions defined in Network Codes and Guidelines.

The achievement of a fully integrated and well-functioning EU energy market requires both an optimal level of physical interconnection between national systems and the efficient use of such interconnection. Since the former does not necessarily imply a sufficient level of physical interconnection capacity to meet the demand for transport services at all times, the latter has to ensure that the available capacity is allocated in the most efficient way and is fully utilised when congestion occurs. Consequently, capacity allocation and congestion management procedures have been introduced both in the electricity and gas sectors; in some cases long before the entry into force of the formal provisions.

This Workshop aims at reviewing the experience with the implementation of capacity allocation and congestion management procedures in the electricity and gas sectors, considering both the early voluntary and the mandatory implementation phases. The discussion is also expected to inquire into the way cross-border capacity can be valued in the intra-day timeframe and the best indicators to signal congestion at gas interconnection points. While recognising the different characteristics of the two sectors, the Workshop will also consider whether there are lessons learned from one sector which can be relevant for the other.

The introductory session of the Workshop will broadly analyse the experience with capacity allocation and congestion management in the electricity and gas sectors. The following two Sessions will focus on the respective and specific experiences in the electricity and gas, identifying the most topical and yet – open issues.

Nadia Horstmann from Bundesnetzagentur outlines the FSR & BNetzA Forum on the Legal Issues of Energy Regulation and gives an insight into the important topics discussed this year.

Florence, 28 October 2016

http://fsr.eui.eu/event/8th-fsr-bnetza-forum-legal-issues-energy-regulation/

Jointly organised by the FSR Energy Law and Policy Area and Bundesnetzagentur, the German regulatory office, the forum will focus on the emerging energy market design.

The workshop will open with a keynote address from Professor Michael Pollitt on the future of the European single market for gas and electricity.

In this podcast, Gianni De Stefano of Hogan Lovells International LLP (Brussels) and Pierre Loaec from the European Commission discuss the Commission’s investigation into the acquisition by US-based General Electric (GE) of the energy businesses of French multinational Alstom. Valued at more than €12 billion, the deal generated considerable interest and triggered multiple merger control and foreign investment filings worldwide. In 2015, the Commission launched an in-depth investigation to assess whether the acquisition was in line with the EU Merger Regulation particularly due to concerns regarding competition in the market for heavy-duty gas turbines. Gianni de Stefano and Pierre Loaec detail the history of the case, review the conclusions of the investigation and consider the effect it had on the energy sector.

Jean-Michel is joined by Annegret Groebel, vice-President CEER & Vice-chair of ACER's Board of Regulators, to discuss regional cooperation in the internal energy market and the coupling of regions. How can we converge towards a common regime? And who is in charge of the process?

Recorded 23 September at the conference "Completing the European Power Market Integration" organised by ENTSO-E in Bratislava with the support of FSR.

http://fsr.eui.eu/event/completing-european-power-market-integration/

“I think we should not talk of regionalisation because this indeed has the negative impact of splitting the market, and we all work towards the internal energy market.”

“All stake holders must work together, and would not say it is bottom up or top down, maybe we can say it’s kind of a diagonal”