Energy security through Energy Union What does it mean IENE Regional Conference Energy Security and Gas Supply in SE Europe Vienna 12 March 2015 Beate Raabe Secretary General
Who is Wholesale Eurogas Retail Title (slide option1) Distribution 29 companies 14 associations 2
1. Building an Energy Union 3
What should be the objectives 1. Integrating markets 2. Strengthening supply security 3. Diversifying (low-carbon) energy options 4
What should be the objectives Consistent implementation at national, regional and European level Solidarity by steering and nourishing a spirit of greater communication + cooperation amongst Member States Sound governance to…
Design a cost-efficient market-based energy transition Coordinate core policies connected with energy to focus on customer needs for affordable + secure energy Let the market determine energy sources + technologies Take competitive…
Trust in the market to deliver security Remove remaining distortions and obstacles to make the market attractive for market-based investment Provide a predictable and stable coordinated regulatory framework Implement energy…
Speak with one diplomatic voice Establish and maintain good diplomatic relations with gas supply and transit countries across the world DO NOT confound diversification with self-sufficiency 8
Aim for a holistic approach to the energy market Optimise ALL indigenous energy resources Consider the electricity + gas grids in combination with each other Gas grids are smart, too Assure investors ready to finance gas projects…
2. Enhancing security of supply 10
Implement energy legislation effectively Complete missing infrastructure links, including bi- directional flow, if driven by commerce Provide access to the (wholesale) market Barriers: language and residence requirements Provide…
Implement energy legislation effectively Check access conditions, including tariffs, to storage Check that balancing costs reflect market value Promote the development of liquid hubs Employ market-based measures even in an…
Review the Security of Supply Regulation Address the supply standard: How and why does it differ between Member States Room for harmonisation in defining protected customers Address N-1 formula taking account of a growing liquid…
Review the Security of Supply Regulation Improve solidarity by coordinating Preventive Action Plans + Emergency Plans, learning from each other Ease reporting burden on contracts, especially as REMIT implementation is stepped up…
Do not be tempted by too much control over Intergovernmental agreements + supply contracts Storage LNG trade Demand aggregation Imports 15
In conclusion Complete physical interconnection Complete the internal energy market Implement and review security of supply legislation Cooperate more strongly at regional level Be market-based in all aspects of todays and…
Thank you for your attention 17
Contact details Av. de Cortenbergh 172 1000 Brussels BELGIUM Phone: +32 2 894 48 48 eurogaseurogas.org www.eurogas.org 18
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