Regulatory Issues for Gas and Electricity. Dr. Burckhard Bergmann Member of the E.ON Board of Management and CEO of Ruhrgas AG

Size: px
Start display at page:

Download "Regulatory Issues for Gas and Electricity. Dr. Burckhard Bergmann Member of the E.ON Board of Management and CEO of Ruhrgas AG"

Transcription

1 Regulatory Issues for Gas and Electricity Dr. Burckhard Bergmann Member of the E.ON Board of Management and CEO of Ruhrgas AG

2 Relevance of Regulation to E.ON's Business Areas Electricity Markets Generation Transmission Distribution Supply/Retail Germany R 1) R 1) 2) UK -- R Nordic (Sweden) -- R Gas Markets Production Transmission Storage Distribution Supply/Retail Germany -- R 1) R 1) UK Nordic (Sweden) -- R 1) -- R 1) R: Regulated : Unregulated - : No E.ON presence 1) Regulated from 1 July ) Except for standard rate customers 2

3 3 Regulatory Effects on Electricity Business in Germany Upstream Midstream Downstream Generation Transmission Wholesale Retail Distribution regulated Only transmission and distribution network business is affected by regulation E.ON group s generation and sale functions are by far the biggest customers of E.ON's electricity transmission and distribution network business

4 4 Regulatory Effects on Natural Gas Business in Germany Upstream Midstream Downstream Production Purchase Storage Transport Wholesale Retail Distribution regulated Only transmission and distribution network business is affected by regulation Ruhrgas utilizes more than 90 % of its transportation capacity for its own gas marketing business

5 5 Dos and Don'ts of Energy Regulation Regulation of natural monopolies Adequate investment climate Predictable and reliable regulatory process Legal unbundling Balanced regulation in the international context Regulation of competitive markets incl. storage Regulation of merchant function Impairment of new or existing investment Bureaucracy Trial and error decisions

6 Regulatory Development in Germany 1998/2003 February /2001 Associations' Agreements for Electricity 2000/2002 Associations' Agreements for Gas Implementation of 1st Electricity (1998) and Gas Directive (2003) in German Energy Act Draft Energy Act for implementation of 2nd Gas and Electricity Directives Containing detailed TPA rules, agreed by network operators and large customers Negotiated access to gas and electricity networks Regulated access to gas and electricity networks 6

7 7 German Draft Energy Act (1) Regulatory Framework Regulated access to gas and electricity networks Legal/organisational unbundling New Federal Energy Regulatory Authority with ex-ante and ex-post powers Ex-ante regulation: Access conditions and tariffication methods detailed in network access regulations Cost-based access pricing with possible exemption for gas transmission in case of existing pipe-to-pipe competition

8 8 German Draft Energy Act (2) Regulatory Framework Regulation of pricing methods, no individual tariff approval Pricing method to enable investment required to ensure viability of networks Review of regulatory system not later than 1 July 2007 Network operators responsible for reliability/safety of networks Electricity and gas marketing companies responsible for availability of commodity

9 9 Network Access System for Gas (1) Previous Point-to-Point System Capacity check on transmission route Capacity booking on transmission route Distance-related tariff

10 10 Network Access System for Gas (2) New entry/exit system proposed by the gas industry Exit Entry Individual entry/exit systems for each network operator Separate booking of entry/exit capacities Entry/exit capacities separately marketable Once a specific entry/exit point combination has been determined, the network operator will check available network capacities Cooperation between network operators to provide multi-grid access Individual entry and exit tariffs

11 11 Specific German Gas Issues (1) High and still increasing import dependence Mega investments required for exploration, production and infrastructure Importance of long-term contracts

12 12 Specific German Gas Issues (2) Many independent network operators Pipeline competition in gas transmission Freedom to construct pipelines Competitive storage capacity market: no natural monopoly

13 13 Specific German Electricity Issues Competitive market (acknowledged in Monitoring Report of the Ministry for Economics and Labour): - Price decrease - New competitors - Moderate concentration rate in comparison with EU average Associations' Agreement between network operators and large customers: - Suitable network access system - Calculation guideline as "Good Practice" (Energy Act, court decision in TEAG case) Consequence: New regulatory regime to be based on existing rules

14 14 German Regulation: Outlook Electricity - Existing rules are backbone for new legislation - Network access system - Tariffication - Level of tariffs appropriate for facilitating new investment accepted Gas - Existing access system will be replaced by new entry/exit system on the basis of network operators' proposal - Cost-based tariffication, exceptions in case of pipeline competition - Level of tariffs appropriate for facilitating new investment accepted

15 15 German Energy Act 2004: Initial Time Schedule February/March: March/April: May: May/June: Inter-ministerial coordination Cabinet decision 1 st reading - Bundesrat 1 st reading Bundestag 2 nd (3 rd ) reading Bundestag 2 nd reading Bundesrat Mediation proceedings, if any 1 July 2004: Implementation

16 16 Conclusions E.ON is reassured that the process of implementing regulation is going in the right direction. E.ON expects that E.ON Energie as well as Ruhrgas will manage the impact of the regulation.

The E.ON View on a N-DK Connection

The E.ON View on a N-DK Connection Energinet.dk Seminar on Norwegian-Danish Gas Connection on 13. September 2010 in Copenhagen Dr. Christoph Merkel, Vice President Sales Northern Europe E.ON Ruhrgas AG Pan-European Gas Market Unit ( PEG)/

More information

Capital Market Day. Munich, September 6, 2004

Capital Market Day. Munich, September 6, 2004 Capital Market Day Munich, September 6, 2004 E.ON Energie: Our Business Model Johannes Teyssen, CEO E.ON Energie AG and Member of the Board of E.ON AG for Downstream Agenda Our vision and mission and what

More information

Industry Example: The European Market for Gas

Industry Example: The European Market for Gas Industry Example: The European Market for Gas Professur für BWL, insb. Internationale Wirtschaft Folie 1 Agenda 1. Characteristics of the gas market 2. The National Markets for gas 3. EU Liberalization

More information

The Gas Market - Overview

The Gas Market - Overview The Gas Market - Overview Dr. Burckhard Bergmann, CEO of Ruhrgas AG and Member of the E.ON Board of Management March 11, 2004 1. Gas Market 2. Ruhrgas Business Model 3. Strategy 2 New Market-Unit (MU)-Structure

More information

Conference Call Perform-to-Win. Dr. Bernotat, CEO of E.ON AG. February 10th, 2009

Conference Call Perform-to-Win. Dr. Bernotat, CEO of E.ON AG. February 10th, 2009 Conference Call Perform-to-Win Dr. Bernotat, CEO of E.ON AG February 10th, 2009 Powering through the storm Full year 2008 Adjusted EBIT to increase 7-8% within target range 2008 net profit impacted by

More information

Investing in the Infrastructure for Energy Markets

Investing in the Infrastructure for Energy Markets Investing in the Infrastructure for Energy Markets Executive Summary: The European Commission, energy ministers and energy regulatory authorities have recognised that, if the European electricity and gas

More information

E.ON AG Conference Call - Nine Months Results 2005. November 10, 2005. Presentation: Dr. Erhard Schipporeit. Please check against delivery

E.ON AG Conference Call - Nine Months Results 2005. November 10, 2005. Presentation: Dr. Erhard Schipporeit. Please check against delivery E.ON AG Conference Call - Nine Months Results 2005 November 10, 2005 Presentation: Dr. Erhard Schipporeit Member of the Board of Management and CFO Please check against delivery Page 2 of 8 Thank you Mr.

More information

Industry Example: The European Market for Electricity

Industry Example: The European Market for Electricity Industry Example: The European Market for Electricity Professur für BWL, insb. Internationale Wirtschaft Folie 1 Agenda 1. Some theory 2. The National Markets for Electricity 3. EU Liberalization Policy

More information

EFET Gas Committee. ELEVENTH MEETING OF THE EUROPEAN GAS REGULATORY FORUM Comisión Nacional de la Energía, Madrid. 18-19 May 2006. Colin.Lyle@EFET.

EFET Gas Committee. ELEVENTH MEETING OF THE EUROPEAN GAS REGULATORY FORUM Comisión Nacional de la Energía, Madrid. 18-19 May 2006. Colin.Lyle@EFET. ELEVENTH MEETING OF THE EUROPEAN GAS REGULATORY FORUM Comisión Nacional de la Energía, Madrid 18-19 May 2006 European Federation of Energy Traders EFET Gas Committee Colin.Lyle@EFET.org www.efet.org 1

More information

ACER scoping document for Rules for Trading

ACER scoping document for Rules for Trading ENTSOG response to ACER questionnaire on scoping for Rules for 12 May 2014 Final ACER scoping document for Rules for ENTSOG response to the ACER questionnaire Since some of the questions are addressed

More information

The new draft of the German Anti-Money Laundering Act (Geldwäschegesetz, GWG): A Summary and Potential Implications

The new draft of the German Anti-Money Laundering Act (Geldwäschegesetz, GWG): A Summary and Potential Implications The new draft of the German Anti-Money Laundering Act (Geldwäschegesetz, GWG): A Summary and Potential Implications By Dr. Wulf Hambach and Maximilian Riege, Hambach & Hambach law firm On 1 August 2012

More information

Regulation of the Energy Market in Finland, Nordic Countries and EU. Veli-Pekka Saajo Head of Economic Regulation Energy Market Authority

Regulation of the Energy Market in Finland, Nordic Countries and EU. Veli-Pekka Saajo Head of Economic Regulation Energy Market Authority Regulation of the Energy Market in Finland, Nordic Countries and EU Veli-Pekka Saajo Head of Economic Regulation Energy Market Authority PROACTIVE MARKET SUPERVISION Energy Market Authority (EMV) supervises

More information

Introducti ti t on o El Electricit ity and Gas R egulation Regulation i n in C anada Canada Who does what

Introducti ti t on o El Electricit ity and Gas R egulation Regulation i n in C anada Canada Who does what Introduction ti to Electricity it and Gas Regulation in Canada Who does what Topics: Division of Federal/Provincial powers Regulatory responsibilities: Electricity and Gas Electric Transmission Facilities

More information

Process and Principles for Interconnection rates calculation

Process and Principles for Interconnection rates calculation Process and Principles for Interconnection rates calculation by Werner Neu Arusha, 15 to 17 April 2002 Slide 0 Agenda What are Switched Interconnection Services? What should be regulated? How to set Prices

More information

International Experience and Conclusions

International Experience and Conclusions What to Expect from Postal Liberalisation in Italy? International Experience and Conclusions Alex Kalevi Dieke Presentation at Business International s Postal Services Summit Rome, 31 March 2011 0 Who

More information

Public Private Partnerships in Water - Contract Management and Regulation

Public Private Partnerships in Water - Contract Management and Regulation Public Private Partnerships in Water - Contract Management and Regulation Senegal, Dakar Training session 5 June, 2012 Victoria Delmon Senior Counsel World Bank Issues this session seeks to cover Resources

More information

VATM Position Paper: Voice over IP

VATM Position Paper: Voice over IP The German telecommunications market is currently in intensive discussions concerning Voice over IP (VoIP) or Internet telephony. A number of companies already offer VoIP products for the mass market.

More information

1. Introduction MERGER CONTROL

1. Introduction MERGER CONTROL A combination of gas release programmes and ownership unbundling as remedy to a problematic energy merger: E.ON / MOL Csilla BARTOK, Sophie MOONEN, Pierre LAHBABI and Alessandro PAOLICCHI, unit B-3, and

More information

Analyst & Investor Conference Call Third Quarter Results 2009

Analyst & Investor Conference Call Third Quarter Results 2009 Analyst & Investor Conference Call Third Quarter Results 2009 Düsseldorf, November 11, 2009 Presentation by: Dr. Wulf H. Bernotat Chairman of the E.ON AG Board of Management and CEO Dr. Bernhard Reutersberg

More information

FPUC'S RESPONSES TO STAFF'S FIRST SET OF INTERROGATORIES (NOS, 1-5) AND FIRST REQUEST FOR PRODUCTION OF DOCUMENTS DOCKET NO.

FPUC'S RESPONSES TO STAFF'S FIRST SET OF INTERROGATORIES (NOS, 1-5) AND FIRST REQUEST FOR PRODUCTION OF DOCUMENTS DOCKET NO. FPUC'S RESPONSES TO STAFF'S FIRST SET OF INTERROGATORIES (NOS, 1-5) PAGE 6 industrial facility. The purchase of such locally generated power would benefit FPUC's electric rate payers through lower overall

More information

Access to gas transportation

Access to gas transportation Access to gas transportation Sergio Ascari Gas Advisor, Florence School of Regulation WAGPA Natural Gas Workshop Cotonou, February 14-16, 2012 Contents The gas market model Transportation Tariffs Network

More information

National Report 2015 to the Agency for the Cooperation of Energy Regulators and to the European Commission

National Report 2015 to the Agency for the Cooperation of Energy Regulators and to the European Commission Ref: 1842/601/2015 10.7.2015 National Report 2015 to the Agency for the Cooperation of Energy Regulators and to the European Commission Finland National Report 2015 - Energy Authority, Finland 1 CONTENT

More information

Revised Market Opening Timetable, Proposals for Consultation, September 2004

Revised Market Opening Timetable, Proposals for Consultation, September 2004 Special Mail Services Ltd To the Postal Services Commission Revised Market Opening Timetable, Proposals for Consultation, September 2004 Introduction 1. Thank you for the opportunity to contribute to Postcomm

More information

Natural Gas Industry in Brazil: Regulatory Evolution, Market Development and Investment Opportunities

Natural Gas Industry in Brazil: Regulatory Evolution, Market Development and Investment Opportunities Natural Gas Industry in Brazil: Regulatory Evolution, Market Development and Investment Opportunities Guilherme de Biasi Cordeiro Department of Trade and Transportation of Liquid Hydrocarbons and Natural

More information

National Report 2014 to the Agency for the Cooperation of Energy Regulators and to the European Commission

National Report 2014 to the Agency for the Cooperation of Energy Regulators and to the European Commission Ref: 1602/601/2014 10.7.2014 National Report 2014 to the Agency for the Cooperation of Energy Regulators and to the European Commission Finland National Report 2014 - Energy Authority, Finland 1 CONTENT

More information

The energy industry and energy price issues in Slovakia during recent years 1

The energy industry and energy price issues in Slovakia during recent years 1 The energy industry and energy price issues in Slovakia during recent years 1 Ing. Mikulá Cár, PhD. National Bank of Slovakia The energy industry and energy prices are becoming a subject of political decisions

More information

Remarks on Regulatory Holidays for the DTAG VDSL Network?

Remarks on Regulatory Holidays for the DTAG VDSL Network? Remarks on Regulatory Holidays for the DTAG VDSL Network? Arnold Picot ASSOCIATION OF COMPETITION ECONOMICS 4TH ANNUAL CONFERENCE Mannheim 30. November 2006 Vorname Nachname Titel der Präsentation 1 06.04.2006

More information

Horses for Courses? Cross-Country Comparison of European Gas Market Liberalisation Francesca Conte and Lawrence Irlam June 2005

Horses for Courses? Cross-Country Comparison of European Gas Market Liberalisation Francesca Conte and Lawrence Irlam June 2005 Horses for Courses? Cross-Country Comparison of European Gas Market Liberalisation Francesca Conte and Lawrence Irlam June 2005 Master MEDEA 2004-2005 Scuola Superiore Enrico Mattei Milano, Italia TABLE

More information

Price formation in liberalised gas markets. Patrick Heren Heren Energy Ltd

Price formation in liberalised gas markets. Patrick Heren Heren Energy Ltd Price formation in liberalised gas markets Patrick Heren Heren Energy Ltd Brief advertisement Publishers of daily gas and power market reports, the Heren Index and European Gas Markets newsletter. Independent

More information

REGULATION OF ELECTRICITY DISTRIBUTION BUSINESS

REGULATION OF ELECTRICITY DISTRIBUTION BUSINESS REGULATION OF ELECTRICITY DISTRIBUTION BUSINESS Satu Viljainen 1, Kaisa Tahvanainen, Jukka Lassila, Samuli Honkapuro and Jarmo Partanen Lappeenranta University of Technology 1 satu.viljainen@lut.fi ABSTRACT

More information

Overview of points that must be included to get a useful Guidelines for. Good TPA Practice

Overview of points that must be included to get a useful Guidelines for. Good TPA Practice Overview of points that must be included to get a useful Guidelines for Good TPA Practice Statement of purpose to provide the quality of services needed by the TSO s customers systems and processes implemented

More information

Part I: Design Principles of the CEE Trading Region

Part I: Design Principles of the CEE Trading Region Part I: Design Principles of the CEE Trading Region Status: 05 November 2012 CEETR CEE Trading Region Contents: 1 Introduction... 2 2 Basic Structure of CEETR... 3 3 Capacity Model Principles... 5 4 Tariff

More information

EnBW Energie Baden-Württemberg AG

EnBW Energie Baden-Württemberg AG EnBW Energie Baden-Württemberg AG Presentation by Dr. Christian Holzherr Chief Financial Officer and Ingo Peter Voigt Senior Vice President and Head of Finance/IR Adding Values With Energy Dresdner Kleinwort

More information

European best practice regarding to the licensing in the energy sector

European best practice regarding to the licensing in the energy sector 99333 EU- INOGATE programme, project Support to Energy Market Integration and Sustainable Energy in the NIS (SEMISE) European best practice regarding to the licensing in the energy sector The content of

More information

REGIONAL COOPERATION FOR GAS SUPPLY A new, value creating, cross-border business Initiative. Budapest, December 5, 2007

REGIONAL COOPERATION FOR GAS SUPPLY A new, value creating, cross-border business Initiative. Budapest, December 5, 2007 REGIONAL COOPERATION FOR GAS SUPPLY A new, value creating, cross-border business Initiative Budapest, December 5, 2007 Central Eastern Europe and South Eastern Europe face considerable energy supply challenges

More information

ENERGY CHARTER GAS TRANSIT TARIFFS. in selected Energy Charter Treaty Countries. January 2006 ENERGY CHARTER SECRETARIAT

ENERGY CHARTER GAS TRANSIT TARIFFS. in selected Energy Charter Treaty Countries. January 2006 ENERGY CHARTER SECRETARIAT ENERGY CHARTER GAS TRANSIT TARIFFS in selected Energy Charter Treaty Countries January 2006 ENERGY CHARTER SECRETARIAT GAS TRANSIT TARIFFS IN SELECTED ECT COUNTRIES ENERGY CHARTER SECRETARIAT JANUARY

More information

Gas pricing and network access

Gas pricing and network access OIL & GAS Gas pricing and network access Regional Gas Competence Seminar - Mozambique 22 September - 2015 Bert Kiewiet 1 DNV GL 2015 DNV GL - Bert Kiewiet 22 September, 2015 SAFER, SMARTER, GREENER About

More information

Ukraine s Gas Market Reform: Green Light to Investments in Natural Gas Transmission, Production and Energy Efficiency

Ukraine s Gas Market Reform: Green Light to Investments in Natural Gas Transmission, Production and Energy Efficiency Ukraine s Gas Market Reform: Green Light to Investments in Natural Gas Transmission, Production and Energy Efficiency Andriy Kobolyev, CEO, Naftogaz of Ukraine July 2015 www.naftogaz-europe.com www.naftogaz.com

More information

What drives broadband takeup?

What drives broadband takeup? John de Ridder What drives broadband takeup? Abstract This article summarises an econometric study undertaken by the author for the OECD which found several key factors explaining the level of broadband

More information

Smart Meters Executive Paper

Smart Meters Executive Paper Smart Meters Executive Paper Smart infrastructure overview The ever growing global demand for energy, combined with increasing scarcity of resources and the threat of climate change, have prompted governments

More information

Bill for the Act for Partial Revision of the Electricity Business Act and Other Related acts (Outline) March, 2015

Bill for the Act for Partial Revision of the Electricity Business Act and Other Related acts (Outline) March, 2015 Bill for the Act for Partial Revision of the Electricity Business Act and Other Related acts (Outline) March, 2015 Overview 1 The contents of the bill The bill which was decided by the cabinet and submitted

More information

UK Electricity What happens next?

UK Electricity What happens next? UK Electricity What happens next? Robert Groves, CEO SmartestEnergy The Balance of the Energy Challenge Institute of Water Event Worthing, 14 th April 2016 Agenda Introduction to SmartestEnergy; The state

More information

Poland must fully transpose the Third Energy Package Directives without further delay to liberalise the electricity and gas markets.

Poland must fully transpose the Third Energy Package Directives without further delay to liberalise the electricity and gas markets. Poland Key Issues + With regard to electricity, coal is still the main source of fuel for power generation. Poland's generating capacity is ageing, and the country needs better incentives for investment

More information

Evolution of Overseas Gas Markets, in an Australian Context. AEMC Gas Review Public Forum. Todd Bessemer, Market Reform 25 February 2015

Evolution of Overseas Gas Markets, in an Australian Context. AEMC Gas Review Public Forum. Todd Bessemer, Market Reform 25 February 2015 Evolution of Overseas Gas Markets, in an Australian Context AEMC Gas Review Public Forum Todd Bessemer, Market Reform 25 February 2015 Gas Market Evolution In our Evolution of the Gas Supply Hub work for

More information

Gas Storage in Europe. Adding security through flexibility

Gas Storage in Europe. Adding security through flexibility Gas Storage in Europe Adding security through flexibility Gas Storage in Europe Adding security through flexibility This paper outlines the EFET position on the role of Commercial storage facilities in

More information

RING-FENCING IN THE ELECTRICITY AND GAS INDUSTRIES ISSUES PAPER

RING-FENCING IN THE ELECTRICITY AND GAS INDUSTRIES ISSUES PAPER RING-FENCING IN THE ELECTRICITY AND GAS INDUSTRIES ISSUES PAPER July 2000 1st Floor, 35 Spring Street, Melbourne Telephone : (03) 9651 0222 Facsimile: (03) 9651 3688 Email address: reception@reggen.vic.gov.au

More information

Price developments on the EU retail markets for electricity and gas 1998 2011

Price developments on the EU retail markets for electricity and gas 1998 2011 Price developments on the EU retail markets for electricity and gas 1998 2011 The Market Observatory for Energy has analysed price developments on the retail markets for electricity and natural gas (domestic

More information

AUDIT REPORT, SUMMARY. Summary. The government and the telecom market (RiR 2013:5) SWEDISH NATIONAL AUDIT OFFICE

AUDIT REPORT, SUMMARY. Summary. The government and the telecom market (RiR 2013:5) SWEDISH NATIONAL AUDIT OFFICE AUDIT REPORT, SUMMARY 1 Summary The government and the telecom market (RiR 2013:5) SWEDISH NATIONAL AUDIT OFFICE Summary The government and the telecom market RiR 2013:5 The Swedish National Audit Office

More information

All conducted to date on basis of national markets

All conducted to date on basis of national markets Second European Conference on Competition and Regulation Corfu, 13-14 July 2007 The Regulation of Access in Telecommunications a European Perspective Martin Cave Martin Cave Warwick Business School, UK

More information

Regulation. ABOUT THE AUTHORS and Markets Review. Law Business Research. Third Edition. Editor David L Schwartz

Regulation. ABOUT THE AUTHORS and Markets Review. Law Business Research. Third Edition. Editor David L Schwartz The Appendix Energy 1 Regulation ABOUT THE AUTHORS and Markets Review Third Edition Editor David L Schwartz Law Business Research 551 The Energy Regulation and Markets Review The Energy Regulation and

More information

FINNGULF LNG LNG IMPORT TO FINLAND

FINNGULF LNG LNG IMPORT TO FINLAND FINNGULF LNG LNG IMPORT TO FINLAND CLEANLY WITH NATURAL ENERGY GASES Gasum is a Finnish expert in natural energy gases. We import natural gas to Finland, and transmit and supply it for energy production,

More information

TAP AG Regulatory Compliance Programme

TAP AG Regulatory Compliance Programme TAP AG Regulatory Compliance Programme 1 Introduction This Regulatory Compliance Programme (RCP) has been established by TAP AG to provide a binding internal framework to ensure that TAP AG as a whole,

More information

Investment in LNG terminal on the Croatian island of KrK is of strategic importance to regional energy security.

Investment in LNG terminal on the Croatian island of KrK is of strategic importance to regional energy security. Croatia Key Issues Competition in Croatia s energy market is still very limited. Market opening is needed to improve the investment climate and create incentives for new entrants. Croatia should step up

More information

MiFID II Level 2 and energy trading:

MiFID II Level 2 and energy trading: MiFID II Level 2 and energy trading: How to further specify the ancillary activity exemption in Article 2? 17 April 2015 1. Introduction The undersigned associations believe that open, robust, liquid,

More information

GREEK NATURAL GAS MARKET: From Birth to Maturity. May, 2014

GREEK NATURAL GAS MARKET: From Birth to Maturity. May, 2014 GREEK NATURAL GAS MARKET: From Birth to Maturity May, 2014 The Natural Gas in Greece An exciting journey 1987 Intergovernmental agreement between USSR and Greece signed 1988 Intergovernmental agreement

More information

Industrial Distribution Networks. Sarah R. Thomas NARUC ERRA Legal Regulation Working Group Budapest, Hungary, March 19 20, 2012

Industrial Distribution Networks. Sarah R. Thomas NARUC ERRA Legal Regulation Working Group Budapest, Hungary, March 19 20, 2012 Industrial Distribution Networks Sarah R. Thomas NARUC ERRA Legal Regulation Working Group Budapest, Hungary, March 19 20, 2012 Disclaimer This presentation was prepared by Sarah R. Thomas for NARUC and

More information

Düsseldorf, August 14, 2003. Dr. Wulf H. Bernotat

Düsseldorf, August 14, 2003. Dr. Wulf H. Bernotat E.ON AG Analyst and Investor Conference Düsseldorf, August 14, 2003 Presentation Dr. Wulf H. Bernotat Chairman of the Board of Management and CEO Please check against delivery Page 2 of 54 Good afternoon

More information

Regulation is used to foster and sustain competition

Regulation is used to foster and sustain competition General Regulation Regulation is used to foster and sustain competition Competitiveness Public Monopoly Need for regulation Limited regulation: Government supplied telecoms services Private Monopoly Increased

More information

Investment and Infrastructure

Investment and Infrastructure Investment and Infrastructure Ronan Bolton University of Leeds w/ Adam Hawkes Imperial College Outline 1. Infrastructure and energy security 2. Infrastructure investment questions for national governments

More information

OPENING UP OF THE AIR TRANSPORT MARKET IN GREECE UNDER LIBERALIZATION. (Submitted by Greece)

OPENING UP OF THE AIR TRANSPORT MARKET IN GREECE UNDER LIBERALIZATION. (Submitted by Greece) February 2003 English and French only OPENING UP OF THE AIR TRANSPORT MARKET IN GREECE UNDER LIBERALIZATION (Submitted by Greece) 1. INTRODUCTION 1.1 Until 1991, Greek air transport had developed within

More information

Energy Regulation Insights

Energy Regulation Insights Issue 7 June 00 How Splitting Energy Markets Promotes Transparency, Liquidity & Efficient Investment By Graham Shuttleworth Energy Regulation Insights From the Editor What energy market institutions are

More information

&RPSHWLWLRQDQGGHUHJXODWLRQLQ )LQODQGDQGLQ(8

&RPSHWLWLRQDQGGHUHJXODWLRQLQ )LQODQGDQGLQ(8 &RPSHWLWLRQDQGGHUHJXODWLRQLQ )LQODQGDQGLQ(8 The liberalization of European telecom markets The Finnish market situation New regulatory demands in promoting competition 7KH(87HOHFRPPXQLFDWLRQV PDUNHW 150

More information

LAW OF UKRAINE On the natural gas market This Law defines legal fundamentals of the functioning of the natural gas market in Ukraine founded on

LAW OF UKRAINE On the natural gas market This Law defines legal fundamentals of the functioning of the natural gas market in Ukraine founded on LAW OF UKRAINE On the natural gas market This Law defines legal fundamentals of the functioning of the natural gas market in Ukraine founded on principles of free competition, due protection of consumers

More information

Norwegian gas to Denmark - market development and SoS

Norwegian gas to Denmark - market development and SoS Norwegian gas to Denmark - market development and SoS Søren Juel Hansen, Head of Infrastructure & Tariffs Oliver Vindex Nielsen, Project Manager 1 We still believe in what we said in the Winter 2009/10

More information

Department of Treasury and Finance. Northern Territory Electricity Market Reform. Information Paper

Department of Treasury and Finance. Northern Territory Electricity Market Reform. Information Paper Department of Treasury and Finance Northern Territory Electricity Market Reform Information Paper February 2014 Introduction As part of the 2012 Mini Budget, the Northern Territory Government commenced

More information

Market Opening as Driving Force

Market Opening as Driving Force Market Opening as Driving Force 6th South East Europe Energy Dialogue Thessaloniki, May 30-31st 2012 Klaus P. Luber Head of Business Development Sales SEE, E.ON Ruhrgas AG The European gas market has changed

More information

The Trading Qualification Program at E.ON Energy Trading

The Trading Qualification Program at E.ON Energy Trading The Trading Qualification Program at E.ON Energy Trading Looking for a head-start to a rewarding career in one of Europe s most exciting industries? E.ON Energy Trading is offering a limited number of

More information

Press Conference on the Release of E.ON SE s Interim Report for the First Nine Months of 2015

Press Conference on the Release of E.ON SE s Interim Report for the First Nine Months of 2015 Press Conference on the Release of E.ON SE s Interim Report for the First Nine Months of 2015 Düsseldorf, November 11, 2015 Statement by: Michael Sen, CFO, E.ON SE Please check against delivery. Statement

More information

Access Code for Common Carrier Pipelines

Access Code for Common Carrier Pipelines Access Code for Common Carrier Pipelines Thomas Pearce Past Chair, NARUC Staff Subcommittee on Gas Chair, NARUC Staff Subcommittee on Critical Infrastructure NARUC/EWURA Technical Workshop on Natural Gas

More information

POLICYbrief. A Gas Target Model for the European Union: Contrasting MECOS and EURAM Proposal. Highlights

POLICYbrief. A Gas Target Model for the European Union: Contrasting MECOS and EURAM Proposal. Highlights ISSN 1977-3919 POLICYbrief On the web: http://fsr.eui.eu ISSUE 2011/08 October 2011 A Gas Target Model for the European Union: Contrasting MECOS and EURAM Proposal Authors: Sergio Ascari and Jean-Michel

More information

Greece s Role as the Emerging Energy Hub of South- Eastern Europe: DESFA s Role and Perspectives

Greece s Role as the Emerging Energy Hub of South- Eastern Europe: DESFA s Role and Perspectives Greece s Role as the Emerging Energy Hub of South- Eastern Europe: DESFA s Role and Perspectives By: Konstantinos E. Maroulis General Manager Director of Gas Transmission, Administration & Finance Hellenic

More information

Q1: Which further key design criteria should be reflected in cross-quality market areas?

Q1: Which further key design criteria should be reflected in cross-quality market areas? Attachment to ExxonMobil letter dated Sept. 21, 2010 Please find below our responses to the FNA public consultation with regard to a cross-quality creation of market areas. Our responses are indicated

More information

- a leading energy company in the Nordic area

- a leading energy company in the Nordic area - a leading energy company in the Nordic area Presentation for investors December 2006 Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire

More information

DECC LEGAL GRADE 7 LAWYER RECRUITMENT SEPTEMBER 2015

DECC LEGAL GRADE 7 LAWYER RECRUITMENT SEPTEMBER 2015 DECC LEGAL GRADE 7 LAWYER RECRUITMENT SEPTEMBER 2015 DECC lawyers and their work in their own words JB I joined DECC six months ago, having just moved to London from Ireland where I worked in both private

More information

Secondary and short term natural gas markets International experiences

Secondary and short term natural gas markets International experiences Secondary and short term natural gas markets International experiences Bogotá, 13 th May 2011 Presented by: Dan Harris Principal The Brattle Group Copyright 2011 The Brattle Group, Inc. www.brattle.com

More information

ROMANIA COUNTRY PROFILE 44

ROMANIA COUNTRY PROFILE 44 ROMANIA COUNTRY PROFILE 44 Overview Romania has a population of approximately 21.55 million with a GDP of about USD 200,071 million. xxi The total primary energy supply in 2007 was 38.91 Mtoe (million

More information

PRINCIPLES FOR DESIGNING AN ENTRY-EXIT TARIFF SYSTEM

PRINCIPLES FOR DESIGNING AN ENTRY-EXIT TARIFF SYSTEM EXECUTIVE SUMMARY OF KEMA STUDY ON PRINCIPLES FOR DESIGNING AN ENTRY-EXIT TARIFF SYSTEM Project Background In order to implement the requirements of the Third Package of the EC, Austria amended the Natural

More information

INTERCONNECTION AMONG COMPETITORS AND THE REGULATION OF TELECOMMUNICATIONS

INTERCONNECTION AMONG COMPETITORS AND THE REGULATION OF TELECOMMUNICATIONS INTERCONNECTION AMONG COMPETITORS AND THE REGULATION OF TELECOMMUNICATIONS Jean Tirole Institut D Economie Industrielle, University of Toulouse October 10, 2006 Universitat Pompeu Fabra, Facultat de Ciències

More information

GERMANY INTRODUCTION REGULATORY ENVIRONMENT. Main regulatory developments

GERMANY INTRODUCTION REGULATORY ENVIRONMENT. Main regulatory developments GERMANY INTRODUCTION Fixed broadband and mobile broadband penetration rates continued to increase during 2008. The number of cable broadband connections has grown considerably, mainly driven by a high

More information

G:\DA_final_bolle.doc

G:\DA_final_bolle.doc SECURITY OF SUPPLY IN LIBERALISED EUROPEAN GAS MARKETS DIPLOMARBEIT VON ANNE NEUMANN (VWL) Prof. Friedel Bolle Anne Neumann Matrikelnr. 5993 Eisenstuckstr. 30 01069 Dresden Tel. : 0179-13 59 334 Email:

More information

Gas transport tariffs calculation

Gas transport tariffs calculation Ad Hoc Expert Facility under the INOGATE project Support to Energy Market Integration and Sustainable Energy in the NIS (SEMISE) Gas transport tariffs calculation 1 TABLE OF CONTENTS 1. INTRODUCTION...

More information

Vattenfall Capital Markets Day 2005

Vattenfall Capital Markets Day 2005 Vattenfall Capital Markets Day 2005 Presentation by Lars G. Josefsson CEO 27 September, 2005 Content 2 1. Overview & recent developments 2. Industry trends 3. Electricity prices 4. Strategic focus 5. Climate

More information

In the electricity sector, market coupling with Southern and Eastern neighbouring countries would be beneficial.

In the electricity sector, market coupling with Southern and Eastern neighbouring countries would be beneficial. Austria Key issues In the electricity sector, market coupling with Southern and Eastern neighbouring countries would be beneficial. In gas, the number of system operators could be reduced in view of the

More information

IFIEC Europe Brussels, 30 April 2008

IFIEC Europe Brussels, 30 April 2008 INTERNATIONAL FEDERATION OF INDUSTRIAL ENERGY CONSUMERS IFIEC Europe Brussels, 30 April 2008 Draft Guidelines on Article 22 A contribution from IFIEC Europe Introduction Directive 2003/55/EG concerning

More information

Developing Estonian energy policy hand in hand with EU energy packages

Developing Estonian energy policy hand in hand with EU energy packages Developing Estonian energy policy hand in hand with EU energy packages Einari Kisel Secretary General of Energy of the Estonian Ministry of Economic Affairs and Communications 2008 will go down in history

More information

BUSINESS UNIT HEADER IMAGE GOES HERE

BUSINESS UNIT HEADER IMAGE GOES HERE BUSINESS UNIT HEADER IMAGE GOES HERE 2015 Third Quarter Financial & Strategic Update Al Monaco President & CEO John Whelen Executive Vice President & CFO Legal Notice This presentation includes certain

More information

Essential facilities and anticompetitive

Essential facilities and anticompetitive Essential facilities and anticompetitive practices Rohan Samarajiva 29 September 2013 Taungoo, Myanmar This work was carried out with the aid of a grant from the International Development Research Centre,

More information

Transaction Advice Corporate Finance

Transaction Advice Corporate Finance Transaction Advice Corporate Finance Introduction Transaction Advice Transaction Advice Our Corporate Finance Services Arup s Transaction Advice team integrates financial, technical and commercial expertise,

More information

Next Generation Access Glossary. 21CN: BT s upgrade of their core network (the backbone of the network).

Next Generation Access Glossary. 21CN: BT s upgrade of their core network (the backbone of the network). Next Generation Access Glossary 21CN: BT s upgrade of their core network (the backbone of the network). Access network: The part of the network that connects directly to customers from the local telephone

More information

NATURAL GAS DEMAND AND SUPPLY Long Term Outlook to 2030

NATURAL GAS DEMAND AND SUPPLY Long Term Outlook to 2030 1. Background On different occasions, Eurogas is asked to present its views on the future of the European gas industry. The forecasts are mainly needed for conferences and bilateral discussions with European

More information

1. EXECUTIVE SUMMARY AND KEY RECOMMENDATIONS

1. EXECUTIVE SUMMARY AND KEY RECOMMENDATIONS 1. EXECUTIVE SUMMARY AND KEY RECOMMENDATIONS EXECUTIVE SUMMARY Energy policy in Greece has the potential to make a significant contribution to the country s economic recovery. Increasing competition and

More information

European Commission Consultation document on Voice over IP

European Commission Consultation document on Voice over IP STELLUNGNAHME European Commission Consultation document on Voice over IP This paper provides the eco comment on the European Commission consultation document. eco is the association of German internet

More information

Convergence Merger of Electric and Natural Gas Utilities

Convergence Merger of Electric and Natural Gas Utilities Case Study From 1 In January 2000, Dominion Resources, Inc., owner of an integrated electric utility company in Virginia, acquired Consolidated Natural Gas Company (CNG), owner of a regional natural gas

More information

Changes in regulated electricity prices from 1 July 2012

Changes in regulated electricity prices from 1 July 2012 Independent Pricing and Regulatory Tribunal FACT SHEET Changes in regulated electricity prices from 1 July 2012 Based on Draft Determination, 12 April 2012 The Independent Pricing and Regulatory Tribunal

More information

Power in Germany: The turning point of 2011

Power in Germany: The turning point of 2011 Center for Geopolitics of Energy and Raw Materials (CGEMP) In partnership with: French Association of Energy Economists Power in Germany: The turning point of 2011 One year later, lessons for neighbouring

More information

Curriculum Vitae Nicolas Brizard

Curriculum Vitae Nicolas Brizard Curriculum Vitae Nicolas Brizard Name : Brizard, Nicolas Email : N.Brizard@sqconsult.com Date of Birth : October, 6th, 1967 Place of Birth : France Nationality : French KEY QUALIFICATIONS Nicolas Brizard

More information

Cost Benchmarking in Energy Regulation in European Countries

Cost Benchmarking in Energy Regulation in European Countries WIK-Consult Final Report Study for the Australian Energy Regulator Cost Benchmarking in Energy Regulation in European Countries Authors: Andrea Schweinsberg Marcus Stronzik Matthias Wissner WIK-Consult

More information

CITIZENS' LABOR RIGHTS PROTECTION LEAGUE N.Narimanov street, 11 \ 16, Baku AZ1006, Azerbaijan

CITIZENS' LABOR RIGHTS PROTECTION LEAGUE N.Narimanov street, 11 \ 16, Baku AZ1006, Azerbaijan CITIZENS' LABOR RIGHTS PROTECTION LEAGUE N.Narimanov street, 11 \ 16, Baku AZ1006, Azerbaijan INTERNATIONAL COVENANT ON ECONOMIC, SOCIAL AND CULTURAL RIGHTS ANNEX TO THE ALTERNATIVE REPORT SUBMITTED BY

More information

- a leading energy company in the Nordic area

- a leading energy company in the Nordic area - a leading energy company in the Nordic area Presentation for investors October 2006 Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or

More information

Spurring Growth of Renewable Energies in MENA through Private Sector Investment

Spurring Growth of Renewable Energies in MENA through Private Sector Investment MENA-OECD Business Council: Task Force on Energy and Infrastructure WORKING PAPER PRESENTING THE PRIVATE SECTOR S VIEW Spurring Growth of Renewable Energies in MENA through Private Sector Investment Agenda

More information