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Gas

Ilaria Conti

Topic of the Month

28.03.2017

Infrastructure: the difficult ingredient of the recipe

Written by Ilaria Conti Being Italian – and a woman! – the world has high expectations concerning your cooking skills.  Your mother is almost certainly a good […] read more

Gas

Ilaria Conti

Topic of the Month

14.03.2017

Can a new energy Governance fill the gaps of the EU gas market?

Written by Ilaria Conti With the Clean Energy Package released last November, the EU Commission proposed a new Regulation on the Governance for the Energy Union, specifically concerning […] read more

Gas

Ilaria Conti

Topic of the Month

6.03.2017

EU Gas market design: the quiet before the storm?

Written by Ilaria Conti It’s currently time for reflection, in Brussels, on EU gas regulation and market design. With the Third Energy Package close to being fully […] read more

Gas

Sefcovic

Interview

27.02.2017

Maroš Šefčovič: Energy Union is on track and on time

Progress towards the Energy Union is on track and on time according to its vice-president Maroš Šefčovič. Mr. Šefčovič sat down for an unprecedented interview […] read more

Gas

The role of gas in the energy mix

News

7.12.2016

The FSR takes its on-demand training to Indonesia

This week the FSR is in Indonesia facilitating our tailored training on The International Gas Regulation and Tariff Design for Perusahaan Gas Negara. This on-demand […] read more

Gas

Ilaria Conti

News

2.12.2016

Debating Energy Security in Europe

To what extent is the term ‘energy dependency’ correct? What are the EU’s primary energy markets, in terms of imports and exports? How much influence […] read more

ElectricityGas

Alberto Pototschnig

Event Highlights

11.11.2016

FSR Regulatory Policy Workshop on “Congestion Management in the Internal Energy Market”

This FSR Regulatory Policy Workshop on “Congestion Management in the Internal Energy Market” reviewed and compared the experience with the implementation of capacity allocation and congestion management measures in both the electricity and gas sector. read more

ElectricityGas

Alberto Pototschnig

News

28.10.2016

Congestion Management in the Internal Energy Market | FSR Policy Workshop

The first episode of the FSR Regulatory Policy Workshop Series 2016-2017, directed by Alberto Pototschnig (FSR Advisor and Director of ACER), is taking place today, […] read more

Gas

Jean Michel Glachant

News

26.09.2016

FSR Training on site. Next stop: Cyprus

The Florence School of Regulation, under the scientific direction of its Director Jean-Michel Glachant, will provide an Executive Training Seminar to the Ministry of Energy, […] read more

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Ilaria Conti

EU Gas market design: the quiet before the storm?

- Gas

Written by Ilaria Conti

It’s currently time for reflection, in Brussels, on EU gas regulation and market design.

With the Third Energy Package close to being fully implemented, is it already time to start working at a new package of gas regulatory measures? And, more importantly, would it be necessary and what for?

In 2009, the Third Energy Package initiated a profound re-shaping of the EU internal gas market structure – from unbundling to the invention of ACER and the ENTSOs. Lately, the gas Network Codes have more or less smoothly entered the implementation phase – giving the impression that, although not perfectly, the current gas market design is good enough to satisfy most of the market actors’ needs and, more importantly, it seems to work.

We will talk about consistency in the history of EU gas market regulation right this week in Brussels at the CEER-FSR joint training on Fundamentals of Energy markets.

However, after the long-lasting negotiations concerning some Network Codes’ provisions (particularly the Tariffs NC) – no big controversies have lately emerged on EU gas regulation, not even after the release of last year’s Security Package.

So is the current EU gas market picture the best of all possible worlds? Is this apparent calm due to a general and multilateral satisfaction with the current frame? Or are we just witnessing a short quiet before the storm?

This strange silence made me think of Oscar Wilde’s famous quote: ““Whenever people agree with me, I always feel I must be wrong.”.

And indeed, maybe just to be on the safe side, a couple of months ago the European Commission’s DG Energy opened a call for a research study on future EU gas market design – called Quo Vadis ?- which aims to investigate whether any piece is missing in the puzzle and, if needed, trigger a next regulatory package on EU gas market. We will find out in the course of next months.

Meanwhile, the Annual report published by ACER in September last year shows that there’s still some work to do in order to obtain a truly harmonised Single EU gas market. In particular, the binding implementation of the Congestion Management Procedures is still pending in six Member States; also, the achievement of the Gas Target Model seems still far away, with market integration and the creation of trading regions proceeding at slow pace.

The topic of the month coincides this time with the official launch of a new FSR Gas area (link to Gas homepage) of the Florence School of Regulation, totally devoted to gas regulation and policy.

Next week we will look into another topical issue, directly related to gas market design : EU Energy Governance. Stay tuned!