EU Agency for the Cooperation of Energy Regulators (ACER)

🔎 We are looking for a #PolicyOfficer – Power System #Analyst, who will work with power system and power market #models, contributing to ACER's capacity to estimate prospective #adequacy and #flexibilityneeds in the #Europeanpowersystem. Your role will be pivotal in supporting the EU's decarbonisation and security of supply goals. 📅 Deadline to #apply: 30/09/2024 (14:00 Ljubljana Time) You will: 📌Monitor and improve #EU-wide methodologies in electricity #resourceadequacy. 📌Develop methodologies to assess flexibility needs in the power system. 📌Implement #modellingtools and conduct #dataanalysis for flexibility assessments. 📌Draft Decisions, reports, and Opinions on security of supply and #flexibility. 📌Engage with national regulatory authorities, relevant bodies, and external #stakeholders. Why #ACER: 👉Become a part of a diverse, motivated team with colleagues coming from various EU Member States. 👉Possibility to develop your skills through specialised #training courses and benefit from ACER’s #Mentoring Scheme. 👉#Hybridworking arrangements to support a balanced work-life. 👉#Flexibleworking hours to manage professional and personal commitments effectively. 🎯 To see if you're a perfect fit, check out the requirements and benefits in the #selectionnotice https://lnkd.in/dAZRbnzE or scan through our LinkedIn #JobPost https://lnkd.in/dhNkpSri

💡 ACER to decide on amending the methodology for harmonising #CrossZonal #ElectricityBalancing capacity allocation. 🔎 On 31 July 2024, ACER received a proposal from #TransmissionSystemOperators (#TSOs) to amend the harmonised methodology for cross-zonal #CapacityAllocation for the exchange of #balancing capacity or sharing of reserves ⚡ 🤔 What is the methodology about? This methodology provides a harmonised approach for effectively allocating cross-zonal capacity for the exchange of #BalancingCapacity or sharing of reserves. Having an optimised allocation of cross-zonal capacity is important to: ✔️ Foster the integration of #BalancingCapacityMarkets. ✔️ Lower the costs of procuring balancing capacity (hence the costs for #tariff payers). ✔️ Ensure the security of #ElectricitySupply. 🛠️ Why amend the methodology? The current methodology was approved by ACER in July 2023. Amending the methodology is needed to clarify the governance of the market-based process, covering both its implementation and operation. This aims to ensure the process runs efficiently and encourage more TSOs to apply it. 🐾 What are the next steps? ACER expects to: 🗣 Run a public consultation (https://lnkd.in/gZCp4-aG) from 16 September to 14 October 2024 to collect views from stakeholders and inform its decision-making process. 🎯 Reach a decision by 31 January 2025. Read more 👉 https://lnkd.in/gjGwpJxx

🔎 How much do you know about REMIT? Elevate your knowledge with the FSR-ACER Training Course, where you'll explore the behaviours targeted by REMIT (insider trading and market manipulation), the primary obligations for market participants, and the cooperation between national and European entities for effective market surveillance. This course, led by Alberto Pototschnig and Martin Godfried, leverages the unique academic knowledge, expertise, and practical experience of instructors from the FSR and ACER. Furthermore, representatives from marketplaces and financial conduct authorities will share their experiences, and instructors will present real-world case studies. 🌐 Still unsure? Check out the Topic of the Month for insights on the first edition of the course https://loom.ly/3Dhzn58 📆12 Nov 2024 - 14 Nov 2024 🗺️Residential, Florence 🐥Register and pay by 30 August 2024 to seize the early bird discount ➡️Learn more: https://loom.ly/88wG6Is EU Agency for the Cooperation of Energy Regulators (ACER) | #EnergyRegulation

🔎 Want to master #REMIT and its implementation? Join ACER-Florence School of Regulation Training Course this November! 📅 When? 12-14 November 2024 📍 Where? Florence, Italy 🚀 Register by 30 August 2024 for early bird discount! Read more 👉 https://lnkd.in/d4nkrQrX

📑 ACER publishes its report on the #Danish non-transmission #tariffs proposed by Energinet, Denmark’s Transmission System Operator (#TSO). These tariffs cover the costs of Denmark’s #EmergencySupply services, such as filling #GasStorage and providing emergency #GasSupply to non-protected consumers. The proposed methodology includes: 👉 An ex-ante tariff, calculated using a postage stamp reference price methodology (#RPM), which distributes emergency service costs equally among all non-protected consumers. 👉 An ex-post compensation, which adjusts cost allocation after #gas is delivered based on the actual gas volumes received by each non-protected consumer during an emergency. What are the key findings? ✔️ ACER concludes that the proposed non-transmission tariffs comply with the requirements of the #EU #NetworkCode on Harmonised #Transmission Tariff Structures (#NCTAR) and recommends the Danish regulatory authority (Forsyningstilsynet - Danish Utility Regulator ) to ensure greater transparency by providing more detailed information on the ex-post compensation mechanism in their next decision. Read more 👉 https://lnkd.in/e33mJwQd

📅 Save the date! ACER workshop: designing #electricity #NetworkTariffs to fit the #EnergyTransition (30 September 2024) 🔎 Achieving the #EU's #climate and #energy goals requires significant investment in new #NetworkCapacities, which increases pressure on network tariffs. Meanwhile, the ongoing #electrification and changing grid usage patterns challenge existing tariff designs. 💡 In a #decentralised and #digitalised energy landscape, these challenges also present opportunities (such as more flexible users and increased automation). Cost-reflective and transparent tariffs can encourage efficient network connection and usage, reducing costs for users. 🤝 Setting tariffs is complex, with no ‘one-size-fits-all’ design, as regulators need to balance different principles and national specifics. Regulators and stakeholders can benefit from discussing challenges and sharing effective tariff solutions. What is the event about? Every two years, ACER reviews national tariff practices and reports on methodologies and the most effective approaches. Ahead of ACER’s next electricity tariff report (early 2025), ACER organises a workshop to: 👉 identify the most pressing transmission and distribution tariff dilemmas; 👉 debate potential solutions and best practices to address them. Save the date & get involved! 📅 The workshop will take place on Monday, 30 September 2024 (14:00-17:00 CEST), in Brussels and online. ⏳ Secure your seat by registering here until 16 September 2024 👉https://lnkd.in/d6iw7G_7 🗳️ ACER is also collecting stakeholders’ views on some specific network tariff issues. Share your views by Monday, 23 September 2024 🔗 https://lnkd.in/dtzG7p65

🏝️ Take advantage of the summer break to share your thoughts on #REMIT Implementing Regulation on #DataReporting requirements. 📥 The new deadline of ACER's public consultation is 16 September 2024! 🔗 https://lnkd.in/dTvB5aDF

🎉 ACER’s latest REMIT Quarterly is out! 🧐 What is REMIT? REMIT (Regulation on Wholesale #EnergyMarket Integrity and Transparency) provides an #EU framework for the #transparency and #integrity of #energy #markets and aims to deter #MarketParticipants from manipulating the market. It plays an important role in protecting the interests of companies and consumers and ensuring trust in energy markets. The Regulation was revised this year to ensure it keeps pace with evolving market dynamics. 🧐 What’s in the latest REMIT Quarterly? The #REMIT Quarterly is ACER’s main channel of communication with #stakeholders on REMIT-related matters, providing updates on ACER’s REMIT activities. This 37th edition covers the second quarter of 2024 and features: 👉 Key takeaways from the ACER and European Commission joint workshop on REMIT II implementation, held on 11 June 2024. 👉 Further details on ACER’s public consultation on new data reporting requirements of the REMIT Implementing Regulation’s Annex, running until 6 September 2024. Have your say here ➡ https://lnkd.in/dTvB5aDF 👉 The announcement of a joint roundtable meeting on proposals for REMIT II delegated acts for Registered Reporting Mechanisms (RRMs) and Inside Information Platforms (IIP), scheduled for 17-18 September 2024. 👉 Updated overview of 2024 sanction decisions under REMIT, with 345 cases under review at the end of the second quarter. 👉 Statistics for #RRMs’ contingency reports. 👉 Overview of trading on organised market places in the second quarter of 2024. 👉 Other REMIT updates. 🔎 Dive into the latest ACER REMIT Quarterly 👉 https://lnkd.in/daUzNTEg

📢 Revised REMIT brings new obligations for market participants: ACER addresses algorithmic trading notifications 📑 The Regulation on Wholesale #EnergyMarket Integrity and Transparency (#REMIT) aims to prevent and protect consumers and businesses against market abuse in the #European #electricity and #gas markets. The rules were revised in May 2024 to ensure they keep pace with evolving market dynamics. 💡 In April 2024, ACER addressed several questions from stakeholders to help them comply with their reporting obligations under the revised REMIT, before it entered into force (https://lnkd.in/dmRVdr76). 🆕 As a follow up, ACER now clarifies (in an open letter) the obligations for market participants to notify national regulatory authorities and ACER on their usage of algorithmic trading and direct electronic access. 🤔 Why is the open letter relevant? 🔎 Today’s open letter provides examples on which activities fall under the new notification obligations for #AlgorithmicTrading and therefore helps market participants comply with the revised REMIT (Article 5a). 🤝 These notifications will reinforce regulatory oversight, ensure #MarketTransparency, and help manage risks associated with these advanced trading methods. 🔔 ACER invites market participants to review both open letters and ensure they meet the new obligations 👉 https://lnkd.in/dsufXwPJ

📣 ACER’s monitoring shows broad implementation of the #electricity imbalance settlement harmonisation (#ISH) methodology across the #EU. 🔎 What is the ISH methodology? 💡 Introduced in 2017 by the #ElectricityBalancing (EB) Regulation and approved by ACER in 2020, the ISH methodology aims at harmonising the main features of electricity #ImbalanceSettlement across the EU. 📊 Each #Transmission #SystemOperator (#TSO) calculates the difference between forecasted and actual #ElectricityConsumption or production for each Balance Responsible Party (#BRP) in its area. By identifying these imbalances, BRPs can take actions to support the #PowerGrid’s balance, helping maintain or restore the balance between #ElectricitySupply and demand. ✔️ With the implementation of the ISH methodology, TSOs were required to harmonise the main features of the imbalance settlement, including imbalance calculation, main components for calculating the imbalance price, and use of single or dual imbalance pricing. 🧐 What did ACER 2024 monitoring find? Based on the data received from the TSOs of 23 EU #MemberStates (the methodology is not applicable in #Malta and #Cyprus, while #Austria and #Bulgaria did not submit their data), ACER found: 👉 The ISH methodology has been fully or largely implemented in nearly all observed Member States (22). 👉 5 TSOs do not use any additional components, 19 TSOs (from 16 Member States) are using one or more additional components, and 2 TSOs are in the process of implementing the use of additional component/s. 👉 20 TSOs (from 17 Member States) use single imbalance pricing, 5 TSOs use dual pricing, while 1 TSO is in the process of implementing the use of dual pricing. Read more 👉 https://lnkd.in/dvbTejbX Explore the dashboard 👉 https://lnkd.in/dsXajxSj