COM(2010)726 - Energy market integrity and transparency
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Contents
official title
Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on energy market integrity and transparency| Legal instrument | Regulation |
|---|---|
| Decision making procedure | ordinary legislative procedure (COD) |
| reference by COM-number109 | COM(2010)726  |
| Additional COM-numbers | SEC(2010)1511; SEC(2010)1510 |
| procedure number111 | 2010/0363(COD) |
| CELEX number112 | 52010PC0726 |
| Document | 08-12-2010 |
|---|---|
| Online publication | 10-12-2010 |
| Decision | 25-10-2011; Verordening 2011/1227 |
| Publication in Official Journal113 | 08-12-2011; Special edition in Croatian: Chapter 12 Volume 004,OJ L 326, 8.12.2011 |
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- 1.CESR and ERGEG advice to the European Commission in the context of the Third Energy Package, three separate documents (Ref: CESR/08-527, CESR/08-998, CESR/08-739) presented to the Commission between October 2008 and January 2009.
- 7.This is supported by the high correlation between prices of neighbouring countries, for example Dutch-German electricity day ahead price correlation increased from 0.57 (2004) and 0.67 (2005) to 0.85 and 0.91 in 2008 and 2009, respectively. This is analysed in more detail in the impact assessment report.
- 8.Presentation to Florence Forum 'Target Model for Interregional Congestion Management', 10 December 2009, ec.europa.eu/energy/gas_electricity
- 9.Inquiry into the functioning of gas and electricity markets of 2005, pursuant to Article 17 of Regulation 1/2003 EC -
- 10.The French energy regulator (CRE) has broad powers to oversee wholesale markets (including spot and OTC derivative transactions) and has begun to request transactional data relating to French markets from market participants across Europe. The German Monopolkommission has demanded the establishment of an independent market monitor in Germany being able to access on and off-exchange transactions for delivery in Germany. In March 2009 Ofgem, the UK energy regulator issued a paper on preventing market abuse.
- 11.The Agency was established under Regulation (EC) No. 713/2009 of the European Council and of the parliament establishing an Agency for the Cooperation of Energy Regulators, whose legal basis was then article 95 of the Treaty. The Agency furthers the objectives of Article 194 of the Treaty. Had this Article been in force when Regulation (EC) No. 713 was adopted, it would have provided the legal basis for the establishment of the Agency.
- 14.OJ C , , p. .
- 15.OJ C , , p. .
- 16.OJ C , , p. .
- 17.OJ L 211, 14.8.2009, p. 15.
- 18.OJ L 211, 14.8.2009, p. 36.
- 19.OJ L 211, 14.8.2009, p. 1.
- 20.OJ L 145, 30.04.2004, P. 0001 - 0044
- 21.OJ L 96, 12.4.2003, p. 16.
- 22.CESR and ERGEG advice to the European Commission in the context of the Third Energy Package, three separate documents (Ref: CESR/08-527, CESR/08-998, CESR/08-739) presented to the Commission between October 2008 and January 2009.
- 23.OJ L 211, 14.8.2009, p. 55.
- 24.CESR and ERGEG advice to the European Commission in the context of the Third Energy Package, three separate documents (Ref: CESR/08-527, CESR/08-998, CESR/08-739) presented to the Commission between October 2008 and January 2009.
- 25.OJ L 211, 14.8.2009, p. 94.
- 28.CESR and ERGEG advice to the European Commission in the context of the Third Energy Package, three separate documents (Ref: CESR/08-527, CESR/08-998, CESR/08-739) presented to the Commission between October 2008 and January 2009.
- 29.This is supported by the high correlation between prices of neighbouring countries, for example Dutch-German electricity day ahead price correlation increased from 0.57 (2004) and 0.67 (2005) to 0.85 and 0.91 in 2008 and 2009, respectively. This is analysed in more detail in the impact assessment report.
- 32.OJ L 145, 30.4.2004, p. 1.
- 35.CESR and ERGEG advice to the European Commission in the context of the Third Energy Package, three separate documents (Ref: CESR/08-527, CESR/08-998, CESR/08-739) presented to the Commission between October 2008 and January 2009.
- 36.CESR and ERGEG advice to the European Commission in the context of the Third Energy Package, three separate documents (Ref: CESR/08-527, CESR/08-998, CESR/08-739) presented to the Commission between October 2008 and January 2009.
- 39.OJ L 8 12.1.2001, p. 1.
- 40.CESR and ERGEG advice to the European Commission in the context of the Third Energy Package, three separate documents (Ref: CESR/08-527, CESR/08-998, CESR/08-739) presented to the Commission between October 2008 and January 2009.
- 41.OJ insert date one year after adoption of this regulation
- 42.ABM: Activity-Based Management
- 43.As referred to in Article 49(6)(a) or (b) of the Financial Regulation.
- 44.COM(2010) 2020, 3.3.2010: "Europe 2020
- 45.Regulation (EC) No 713/2009 of the European Parliament and of the Council of 13 July 2009 establishing an Agency for the Cooperation of Energy Regulators, OJ Volume 52, 14 August 2009.
- 46.Details of management modes and references to the Financial Regulation may be found on the BudgWeb site: www.cc.cec/budg/man/budgmanag/budgmanag_en
- 47.DA= Differentiated appropriations / DNA= Non-Differentiated Appropriations.
- 48.EFTA: European Free Trade Association.
- 49.Candidate countries and, where applicable, potential candidate countries from the Western Balkans.
- 50.CESR and ERGEG advice to the European Commission in the context of the Third Energy Package, three separate documents (Ref: CESR/08-527, CESR/08-998, CESR/08-739) presented to the Commission between October 2008 and January 2009.
- 54.CA= Contract Agent; INT= agency staff ("Intérimaire"); JED= 'Jeune Expert en Délégation' (Young Experts in Delegations); LA= Local Agent; SNE= Seconded National Expert.
- 55.CESR and ERGEG advice to the European Commission in the context of the Third Energy Package, three separate documents (Ref: CESR/08-527, CESR/08-998, CESR/08-739) presented to the Commission between October 2008 and January 2009.
- 61.This is supported by the high correlation between prices of neighbouring countries, for example Dutch-German electricity day ahead price correlation increased from 0.57 (2004) and 0.67 (2005) to 0.85 and 0.91 in 2008 and 2009, respectively. This is analysed in more detail in the impact assessment report.
- 62.Presentation to Florence Forum 'Target Model for Interregional Congestion Management', 10 December 2009, ec.europa.eu/energy/gas_electricity
- 63.Inquiry into the functioning of gas and electricity markets of 2005, pursuant to Article 17 of Regulation 1/2003 EC -
- 64.The French energy regulator (CRE) has broad powers to oversee wholesale markets (including spot and OTC derivative transactions) and has begun to request transactional data relating to French markets from market participants across Europe. The German Monopolkommission has demanded the establishment of an independent market monitor in Germany being able to access on and off-exchange transactions for delivery in Germany. In March 2009 Ofgem, the UK energy regulator issued a paper on preventing market abuse.
- 65.The Agency was established under Regulation (EC) No. 713/2009 of the European Council and of the parliament establishing an Agency for the Cooperation of Energy Regulators, whose legal basis was then article 95 of the Treaty. The Agency furthers the objectives of Article 194 of the Treaty. Had this Article been in force when Regulation (EC) No. 713 was adopted, it would have provided the legal basis for the establishment of the Agency.
- 68.OJ C , , p. .
- 69.OJ C , , p. .
- 70.OJ C , , p. .
- 71.OJ L 211, 14.8.2009, p. 15.
- 72.OJ L 211, 14.8.2009, p. 36.
- 73.OJ L 211, 14.8.2009, p. 1.
- 74.OJ L 145, 30.04.2004, P. 0001 - 0044
- 75.OJ L 96, 12.4.2003, p. 16.
- 76.CESR and ERGEG advice to the European Commission in the context of the Third Energy Package, three separate documents (Ref: CESR/08-527, CESR/08-998, CESR/08-739) presented to the Commission between October 2008 and January 2009.
- 77.OJ L 211, 14.8.2009, p. 55.
- 78.CESR and ERGEG advice to the European Commission in the context of the Third Energy Package, three separate documents (Ref: CESR/08-527, CESR/08-998, CESR/08-739) presented to the Commission between October 2008 and January 2009.
- 79.OJ L 211, 14.8.2009, p. 94.
- 82.CESR and ERGEG advice to the European Commission in the context of the Third Energy Package, three separate documents (Ref: CESR/08-527, CESR/08-998, CESR/08-739) presented to the Commission between October 2008 and January 2009.
- 83.This is supported by the high correlation between prices of neighbouring countries, for example Dutch-German electricity day ahead price correlation increased from 0.57 (2004) and 0.67 (2005) to 0.85 and 0.91 in 2008 and 2009, respectively. This is analysed in more detail in the impact assessment report.
- 86.OJ L 145, 30.4.2004, p. 1.
- 89.CESR and ERGEG advice to the European Commission in the context of the Third Energy Package, three separate documents (Ref: CESR/08-527, CESR/08-998, CESR/08-739) presented to the Commission between October 2008 and January 2009.
- 90.CESR and ERGEG advice to the European Commission in the context of the Third Energy Package, three separate documents (Ref: CESR/08-527, CESR/08-998, CESR/08-739) presented to the Commission between October 2008 and January 2009.
- 93.OJ L 8 12.1.2001, p. 1.
- 94.CESR and ERGEG advice to the European Commission in the context of the Third Energy Package, three separate documents (Ref: CESR/08-527, CESR/08-998, CESR/08-739) presented to the Commission between October 2008 and January 2009.
- 95.OJ insert date one year after adoption of this regulation
- 96.ABM: Activity-Based Management
- 97.As referred to in Article 49(6)(a) or (b) of the Financial Regulation.
- 98.COM(2010) 2020, 3.3.2010: "Europe 2020
- 99.Regulation (EC) No 713/2009 of the European Parliament and of the Council of 13 July 2009 establishing an Agency for the Cooperation of Energy Regulators, OJ Volume 52, 14 August 2009.
- 100.Details of management modes and references to the Financial Regulation may be found on the BudgWeb site: www.cc.cec/budg/man/budgmanag/budgmanag_en
- 101.DA= Differentiated appropriations / DNA= Non-Differentiated Appropriations.
- 102.EFTA: European Free Trade Association.
- 103.Candidate countries and, where applicable, potential candidate countries from the Western Balkans.
- 104.CESR and ERGEG advice to the European Commission in the context of the Third Energy Package, three separate documents (Ref: CESR/08-527, CESR/08-998, CESR/08-739) presented to the Commission between October 2008 and January 2009.
- 108.CA= Contract Agent; INT= agency staff ("Intérimaire"); JED= 'Jeune Expert en Délégation' (Young Experts in Delegations); LA= Local Agent; SNE= Seconded National Expert.
- 109.De Europese Commissie kent nummers toe aan officiële documenten van de Europese Unie. De Commissie maakt onderscheid in een aantal typen documenten door middel van het toekennen van verschillende nummerseries. Het onderscheid is gebaseerd op het soort document en/of de instelling van de Unie van wie het document afkomstig is.
- 110.De Raad van de Europese Unie kent aan wetgevingsdossiers een uniek toe. Dit nummer bestaat uit een vijfcijferig volgnummer gevolgd door een schuine streep met de laatste twee cijfers van het jaartal, bijvoorbeeld 12345/00 - een document met nummer 12345 uit het jaar 2000.
- 111.Het interinstitutionele nummer is een nummerreeks die binnen de Europese Unie toegekend wordt aan voorstellen voor regelgeving van de Europese Commissie.
Binnen de Europese Unie worden nog een aantal andere nummerseries gebruikt. Iedere instelling heeft één of meerdere sets documenten met ieder een eigen nummering. Die reeksen komen niet overeen met elkaar of het interinstitutioneel nummer.
- 112.Deze databank van de Europese Unie biedt de mogelijkheid de actuele werkzaamheden (workflow) van de Europese instellingen (Europees Parlement, Raad, ESC, Comité van de Regio's, Europese Centrale Bank, Hof van Justitie enz.) te volgen. EURlex volgt alle voorstellen (zoals wetgevende en begrotingsdossiers) en mededelingen van de Commissie, vanaf het moment dat ze aan de Raad of het Europees Parlement worden voorgelegd.
- 113.Als dag van bekendmaking van een Europees besluit geldt de dag waarop het besluit in het Publicatieblad wordt bekendgemaakt, en daardoor in alle officiële talen van de Europese Unie bij het Publicatiebureau beschikbaar is.