EU Agency for the Cooperation of Energy Regulators (ACER)

ENTSO-E publishes its interim report on the 21 June blackout ⚡On 21 June 2024, an incident led to a major power disruption in parts of Albania, Bosnia and Herzegovina, Montenegro and Croatia. 🕵♀️ Following the blackout, ENTSO-E set up an Expert Panel to investigate the incident. The panel includes experts from ENTSO-E, ACER and relevant system operators and regulators in the region. 📄 ENTSO-E has released its interim report. It is an important input to the investigation by the Expert Panel, who shall prepare the Final Report. Interested to find out more? 👉 Read the ENTSO-E interim report: https://lnkd.in/ePjw37Ex 👉 As background, see ACER news (15 July): https://lnkd.in/guz4a5Ts

📢 ACER is looking for #CaseHandlers and a #TeamLeader to join our new REMIT Investigations Department. 🕵️♀️ A core task of the EU Agency for the Cooperation of Energy Regulators (ACER) is to detect and deter wholesale energy #MarketManipulation and abuse. 🔍 We are seeking #CaseHandlers (both lawyers and market analysts) who have a Master's in Law (LLM), Maths, or Economics and experience in areas like: ✔️ #REMIT (the EU-wide framework for reporting and protecting against wholesale energy market abuse) ✔️ Market Abuse Regulation #MAR ✔️ #Anti-Money Laundering ✔️ #TaxFraud ✔️ #CompetitionLaw 🔍 We're also on the lookout for a #TeamLeader to lead a team of #CaseHandlers. 🌟 Exciting jobs where you will: 💡Analyse wholesale energy trading, fundamental and market data; 💡 Investigate suspicious market abusive behaviours; 💡 Gather evidence on potential REMIT breaches, including through inspections; 💡 Help build ACER’s new REMIT investigations department; 💡 Protect EU energy consumers and businesses against market abuse. 👀 Interested in learning more about ACER’s REMIT jobs? ℹ️ See the Case Handler job: 👉 https://lnkd.in/eVje-3XA 📅 Deadline to #apply for the Case Handler job: 22 November 2024 (14:00 CET) ℹ️ See the Team Leader job: 👉https://lnkd.in/eQ9r_jnK 📅 Deadline to #apply for the Team Leader job: 26 November 2024 (14:00 CET) 👇 Watch this video to meet ACER colleagues working on REMIT issues!

📢 ACER’s latest REMIT Quarterly is out! 🔎 ACER’s #REMIT Quarterly provides updates on the Regulation on Wholesale #Energy Market Integrity and Transparency (REMIT) and related activities, offering insights into this year’s revision of the REMIT Regulation to keep stakeholders informed on changes that enhance transparency and integrity in the #European #EnergyMarket. 🧐 What is in the latest REMIT Quarterly? The latest edition covers the third quarter of 2024 and includes: 👉 Key takeaways from two joint roundtable meetings (17 and 18 September 2024) with Registered Reporting Mechanisms (RRMs), Inside Information Platforms (IIPs), and Associations of Energy Market Participants (AEMPs). 👉 The announcement of the next roundtable meeting with AEMPs, Organised Market Places (OMPs), RRMs, and IIPs on #DataReporting, which will be held on 26 and 28 November 2024. 👉 The latest: 📌 List of OMPs and of Standard Contracts. 📌 List of accepted Energy Identification Codes (EICs). 📌 Overview of REMIT breach cases in 2024, with 371 cases under review at the end of the third quarter. 👉 Overview of trading on OMPs, showing a notable increase compared to the same period last year. 👉 …and much more! 🔎 Dive into the latest ACER REMIT Quarterly 👉 https://lnkd.in/dezUxMtS

Save the date! ACER is hosting a webinar to present the key findings of its first #MarketMonitoringReport (#MMR) on the #European #HydrogenMarkets. When & Where? 📅 Tuesday, 3 December 2024 ⌚ 10.00-11.00 CET 💻 Online Why should you join the event? In this webinar, ACER will: 🎤 Present the main findings of its first #hydrogen MMR (which will be published on 13 November 2024). 🗣️ Discuss key challenges and solutions with experts from the European Commission, #NetworkOperators, and #industry. 📘 Answer stakeholders’ questions. What is the report about? This MMR report: 👉 Takes stock of the latest developments and sheds light on the main regulatory challenges facing the growth of the hydrogen markets at #EU and national level.  👉 Provides an overview of the status of the hydrogen markets in the EU. 👉 Discusses key issues like #repurposing #GasNetworks and interactions of the hydrogen market with the #electricity sector. 👉 Provides recommendations to European and national #policymakers on how to foster the development of hydrogen markets. Read more and register (for free) 🔗 https://lnkd.in/d9uSvdnE

📢ACER is looking for #CaseHandlers to join its new REMIT Investigations Department.   🕵♀️A core task of the EU Agency for the Cooperation of Energy Regulators (ACER) is to detect and deter #MarketManipulation and abuse.   🔎 ACER is hiring #CaseHandlers (both lawyers and market analysts) for its new REMIT Investigations Department.   📈 Do you have Masters in Law (LLM) or Maths or Economics and experience in any of the following areas? ✔️REMIT Market Abuse Regulation #MAR ✔️#Anti-Money laundering ✔️#Tax fraud ✔️#CompetitionLaw   🕵♀️ REMIT is the EU-wide framework for reporting and protecting against wholesale energy market abuse. With the 2024 #REMIT reforms, the scope of REMIT is expanded including investigations and enforcement.   As an ACER REMIT Case Handler you will: 🌟 Analyse wholesale energy trading, fundamental and market data 🌟 Investigate suspicious market abusive behaviour in wholesale energy markets 🌟 Gather evidence on potential REMIT breaches including through inspections 🌟 Collaborate with national energy regulators, European Securities and Markets Authority (ESMA), and other regulatory bodies to ensure a coordinated approach to investigations on market abuse. 🌟 Help protect EU energy consumers and business against wholesale energy market abuse   📅 Deadline to #apply: 22 November 2024 (14:00 CET) Interested to find out more about ACER’s REMIT jobs?  🙋♀️🙋♂️ Meet our colleagues working on REMIT 📽 https://lnkd.in/d9C_hYhN ℹ️ See the job 👉 https://lnkd.in/dKSibpFT ℹ️ Check out our other vacancies, e.g. REMIT Team Leader job 👉 https://lnkd.in/gBjs5H2s

🔎 ACER is looking for a #Team Leader for the REMIT Investigations Department 🕵♀️ A core task of the EU Agency for the Cooperation of Energy Regulators (ACER) is to detect and deter #MarketManipulation and abuse. 🕵♂️ REMIT is the EU-wide framework for reporting and protecting against wholesale energy market abuse. With the 2024 #REMIT reforms, the scope of REMIT is expanded including investigations and enforcement. 🙌 Are you an experienced leader with a strong background in REMIT compliance and investigations, passionate about building and leading a new team? This REMIT #TeamLeader role could be for you. As a REMIT Team Leader, you will be responsible for: 🌟 Analysing wholesale #energy #MarketData 🌟 Investigating suspicious market abusive behaviour in wholesale #EnergyMarkets 🌟 Assessing the impact of potential #MarketAbuse on market supply, demand, and prices 🌟 Gathering evidence on potential #REMITbreaches including through inspections 🌟 Collaborating with national energy regulators, European Securities and Markets Authority (ESMA) and other regulatory bodies to ensure a coordinated approach to investigations 🌟Building a new team that protect #EU energy consumers and businesses against market abuse. 📅 Deadline to #apply: 26 November 2024 (14:00 CET) Interested to find out more about ACER’s REMIT jobs? ℹ️ See the job 👉 https://lnkd.in/e8i6CBkZ ℹ️ Check out our other vacancies, e.g. REMIT case handlers 👉https://lnkd.in/gBjs5H2s 📹 Watch the video for a flavour of our REMIT work 👇

💡 ACER to decide on #hedging opportunities between the #Netherlands and #Norway What is it about? 📅 On 16 August 2024, the #NationalRegulatoryAuthority (#NRA) of the Netherlands asked ACER to decide on how to address the insufficient risk hedging opportunities at the #BiddingZone border between the Netherlands and Norway. Why is a decision needed? ⚡ The assessments performed by the Dutch and Norwegian NRAs found insufficient hedging opportunities in their respective bidding zones. Sufficient long-term hedging opportunities are important to allow market participants to be protected against price volatility risks and to mitigate uncertainty on future returns on investments. Since the NRAs could not reach an agreement, the decision was referred to ACER and the EFTA Surveillance Authority. What are the next steps? 📌 To inform its decision-making process, ACER will run a public consultation from today until 22 November (https://lnkd.in/eVDafvca) and will take a decision on the referral from the Dutch NRA by 17 February 2025. The EFTA Surveillance Authority will issue a decision for Norway, following the procedure outlined in the #EEA Agreement. 👉 https://lnkd.in/ev2nxHmE

We are at Enlit Europe 2024 in Milan. Curious about our #jobopenings? Come meet our colleagues Ilina Hristova and Urška Stražar in Hall 6. #enliteurope #networking #energyjobs #eujobs #energymarkets

Renewables continue to displace gas generation, reducing the electricity marginal price-setting impact of gas 📢 Today, ACER published its third quarterly review of key developments in #gas wholesale markets in 2024. 🛬 Flying somewhat under the radar is the interplay of gas-for-power and #renewables, with implications also for electricity price-setting. 👉Gas-fired power generation in the EU fell by 12 TWh in Q3. 💡 Increased renewables’ output is limiting the opportunities for conventional power plants (gas and coal) to run profitably. This lowered carbon emissions, loosened the EU gas demand-supply balance and reduced instances of gas setting #MarginalPrices in electricity markets. 👉Check out this digestible ACER report for a host of insights on gas prices; gas #TransmissionTariffs and their effects on wholesale prices; #storage; #LNG etc. ACER’s Q3 2024 gas monitoring report👉 https://lnkd.in/dmKfwjs9

Q3 EU LNG imports lowest since end of 2021, Russian shipments increasing share of smaller pie   Today, ACER published its third quarterly review of key developments in gas wholesale markets in 2024.   A key topic attracting much attention is LNG, and in particular #RussianLNG imports. ACER’s report finds: 👉USA is the main supplier of EU #LNG (accounting for a stable 45%) 👉 EU LNG imports share of global LNG market shrank to 18% from 24% year-on-year in Q3 2024 👉EU imports of Russian LNG increased between 4-5 bcm up to October 2024 compared with the same period last year. This goes against the general trend of falling EU LNG imports. This means that Russian LNG is a growing share of a smaller pie (approximately 26.5 bcm Russian LNG out of a total of 137.5 bcm imports to EU).    🏋♂️What challenges lie ahead? 👉The Russian gas transit agreement through Ukraine expires at the end of 2024, pushing landlocked Central European countries to seek alternative supply routes. 👉If gas withdrawals this winter significantly exceed those of the past two, the EU buyers may face increased competition in LNG markets to replenish stocks in 2025, potentially driving up wholesale gas prices. Weather conditions will play a key role in either exposing or mitigating these risks. 👉Several LNG production projects are currently under construction, but relief for a tight global LNG market may not be imminent. Facilities expected to deliver the first cargos to the global market in 2025 face uncertainty in commissioning and production ramp-up. Major new volumes are expected from 2026 onwards, as several large projects are scheduled to come online.   🤿 A deep dive into LNG analysis can be found in ACER European LNG Market monitoring report (April 2024) 👇 https://lnkd.in/dhsXe-xE For latest development, check out ACER’s quarterly gas monitoring report: Q3 2024 is out today!👉 https://lnkd.in/dmKfwjs9