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Energy Policy

NordPool

Publications

18.03.2019

CACM in need of reform? Nord Pool’s take on the current NEMO regulation

In this position paper Nord Pool, one of the leading power exchanges (PXs) in Europe, argues that the Commission Regulation (EU) 2015/1222 establishing a Guideline […] read more

ClimateEnergy

Publications

7.03.2019

Carbon pricing, decarbonisation and digitalisation: the future of and the challenges to the EU climate & energy policy

A policy paper by the Energy and Climate areas’ directors of FSR, Jean-Michel Glachant   and Simone Borghesi, has been recently published with the title: Carbon […] read more

Electricity

Publications

7.03.2019

Book on Electricity Network Regulation in the EU

Electricity network regulation in the EU: the challenges ahead‎ for transmission and distribution Edited by L. Meeus, (FSR, Vlerick Business School); J.M. Glachant (FSR, Loyola […] read more

Energy Union Law

Leigh Hancher

Publications

11.01.2019

State Aid to the Nuclear Power Sector

Professor Leigh Hancher recently contributed a piece for the OGEL journal on the role of state aid to the nuclear power sector. The paper focuses […] read more

Energy Union Law

Publications

18.12.2018

New Publication! Transformation of EU and Eastern Mediterranean Energy Networks

We are happy to announce the publication of ‘The Transformation of the EU and Eastern Mediterranean Energy Networks: Legal, Regulatory, and Geopolitical Challenges’ edited by […] read more

Air

Publications

11.09.2018

New Working Paper: Can Regulation Improve Service Quality?

Under EU Air Passenger Rights legislation (“EC261”), carriers must provide assistance and cash compensation to passengers in case of long delay. This new EUI Working […] read more

Air

Publications

4.09.2018

Conclusions of the Seminar on European Regulation of Airport Charges, 28 May 2018

For the second time FSR Transport has brought together a round of experts to discuss the topic of Airport Charges Regulation, specifically a possible revision […] read more

Network Industries

Publications

24.07.2018

Publication of A New Working Paper- A Programme for the New Network Industries

Digitalisation is transforming network industries. The new data layer on top of infrastructures and transport services improves efficiency in the management of traditional networks. However, […] read more

Energy Union Law

electricity sparks

Publications

29.06.2018

All Things State Aid!

Do you want to find out more about EU rules surrounding State subsidies and how they play out in the energy sector? Access our latest […] read more

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NordPool

CACM in need of reform? Nord Pool’s take on the current NEMO regulation

- Energy Policy

In this position paper Nord Pool, one of the leading power exchanges (PXs) in Europe, argues that the Commission Regulation (EU) 2015/1222 establishing a Guideline on Capacity Allocation and Congestion Management (CACM) is in urgent need of reform.

The paper suggests various measures should be implemented in CACM in order to resolve, or at least alleviate, conflicts of interests which undermine the implementation of efficient pan-European market coupling. A major concern discussed in the paper is the current governance of the (joint) market coupling operator (MCO) function. Nord Pool argues for full ownership unbundling of the MCO operations from the businesses of competitive PXs. Besides redrawing the governance of MCO operations, several other measures are deemed necessary: liquidity sharing in fully decoupled bidding zones, limiting the creation of local and regional markets, phasing out explicit capacity allocation and turning physical shipping into an MCO task.

The paper strongly advocates for the implementation of the above measures and argues that only a “combined package” will ensure that single European market coupling is implemented in the most efficient and cost-effective way possible.

Read the paper

The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official position of the Florence School of Regulation.