Negotiation set to shape key energy regulation

Admin

SHARE THIS STORY

The next few weeks and carrying through July are likely to result in some important regulations for the energy industry being shaped, although we are unlikely to see the final versions emerge until the autumn.

The much-discussed topic of what is a power and gas forward that must be physically delivered rumbles on. The European Commission is due to issue its delegated acts on this by the end of September, but meetings are taking place with country representatives and others on a committee about the definition of physical forwards. According to notes on the commission website, representatives on the committee were keen to get energy regulators’ views on a drafted definition of physical forwards. Energy regulators have already made known their dissatisfaction with ESMA’s advice on the definition and warned of the consequences for liquidity. The commission’s committee discussing the physical forwards issue met in May too, but notes have yet to appear for that session.

The political negotiations for the benchmark regulation also kicked off this week, on 2 June. The first meeting generally involved each party – EU parliament, council, commission –  outlining their positions and thinking behind them. The second meeting will take place on 22 June, with a third slated to take place in July under a new presidency. It is autumn before a final agreement is expected to emerge.

 

 

 

 

PREVIOUS POST

EMIR review launched

21/05/2015

The European Commission has launched a review of the European Markets and Infras...

Learn more
NEXT POST

UK urged to extend max jail term for market abuse to 10 years

11/06/2015

The Bank of England has suggested that the max jail term for anyone guilty of ma...

Learn more
More posts
Clock is ticking on MiFID II
02/02/2017

Time is running out for energy companies that have to work out if they will be included or exempted ...

Read
No alternative: Europe’s low-carbon energy transition will come of age in 2017
25/01/2017

“Alternative energy”. Is that still a common phrase? In some quarters, it is. In a recent New Yo...

Read
Should the EU get tough on the gas network codes?
10/11/2016

Following the recent publication of the EU Agency for the Cooperation of Energy Regulators’ (ACER)...

Read
2016 – for LNG it was the year that wasn’t
24/10/2016

The long-awaited surge of new global LNG production has not led to the widely-expected and sustained...

Read
Ballast bonuses sink shipping activity
26/09/2016

The cancellation of two planned LNG vessel charters in Europe this week shows that it’s becoming h...

Read
A crazy week in UK power. But will the madness return this winter?
22/09/2016

In recent days, UK power has been a crazy energy market to trade in. Late in the day on 14 September...

Read
What’s in a name? That which we call a Bulgarian hub
13/09/2016

Bulgaria and the European Commission have recently been announcing, with much fanfare, the country i...

Read
This winter it really is about the weather
02/09/2016

The cliche about weather driving energy prices, in particular on European gas and Asian LNG, is just...

Read

Market Intelligence

ICIS provides market intelligence that help businesses in the energy, petrochemical and fertilizer industries.

Learn more

Analytics

Across the globe, ICIS consultants provide detailed analysis and forecasting for the petrochemical, energy and fertilizer markets.

Learn more

Specialist Services

Find out more about how our specialist consulting services, events, conferences and training courses can help your teams.

Learn more

ICIS Insight

From our news service to our thought-leadership content, ICIS experts bring you the latest news and insight, when you need it.

Learn more