Energy Energy Forum 2012, Vilnius Making The Internal Energy Market Work Inge Bernaerts Energy
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Energy
Energy Forum 2012, Vilnius
Making The Internal Energy Market Work Inge Bernaerts
Energy
Energy
Key objectives of EU energy policy:
Security of supply
Combat climate change
Affordable energy for businesses and
households
Energy
Key tool: Creation of a single European energy market
• European Council of February 2011:
• Firm commitment from Heads of State to complete the internal energy market by 2014
• and end the isolation of energy islands through better inteconnection by 2015
•
Energy
Benefits
and
Challenges
Where are we today with the IEM?
Enforcement Consumers Investment
Energy
Market opening and stronger competition is keeping energy
commodity prices in check
Energy
Lower prices in competitive and open markets
Energy
Infrastructure is key for competition and security of supply
• No Flows
• Flows only in one direction
•
• Flows in two directions
GAS FLOWS
Energy
Security of supplies in electricity
Energy
THE ENFORCEMENT CHALLENGE:
Transposition of third package Directives
Unbundling of transmission system operators
Strong and independent regulators
Enforcement of competition rules and State aid control
Energy
THE CONSUMER CHALLENGE:
High concentrations in retail markets
Low levels of consumer satisfaction
Regulated prices
Energy
High concentration in retail electricity markets
•
• VERY HIGH (ABOVE 5000 HHI)
• HIGH (1800 – 5500 HHI)
• MODERATE (750 – 1800 HHI)
Energy
Issue 2: Low levels of consumer trust
Energy
• Protecting vulnerable consumers in particular
Energy efficiency measures Heating in winter times Prohibition of disconnecting
Energy
• Empowerment for all consumers
Switching supplier
Access to information
Comparing prices and offers
Complaint handling and Dispute resolution
Energy
INVESTMENT CHALLENGE:
Investments – public and private - need to be optimised
Well targeted, proportionate and time
limited State support
Integrated markets begg for integrated solutions
Energy
Energy networks: investment need and obstacles
Estimated investment need in gas and electricity network is EUR 200bn until 2020
Investments are hindered by:
• Permit granting delays
• Regulatory obstacles
• Financing difficulties
Infrastructure Regulation
5.8
4.2
9.1
9.8
14.0
3.3
Natural Gas Electricity
TSO
Investment Average 2005 -
2009 p.a.
TSO Invest-
ment Forecast 2010 - 2020 p.a.
Energy
THANK YOU FOR YOUR ATTENTION!
Energy
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