News

From Bulgaria Bookmark and Share

15.02.2016 15:19
Bulgarian Energy Watchdog Completes First Energy Market Workshop
The event was organised together with the Norwegian Water Resources and Energy Directorate (NVE) with the Ministry of Oil and Energy of the Kingdom of Norway
AUTHOR: publics.bg


  • © Bulgarian Energy and Water Regulatory Commission

The role and the responsibilities of the National Regulatory Authority (NRA) for supervising the electricity market in the context of the Regulation (ЕС)1227/2011 on Wholesale Energy Market Integrity and Transparency (REMIT) and the Regulation establishing a Guideline on Capacity Allocation and Congestion Management (CACM) (Regulation on market coupling), were the main themes of the closing workshop training with the participation of EWRC commissioners and experts within the framework of the Project “Implementation of the European Electricity Market in Bulgaria – ІІ Phase”. The Project is carried out by the Energy and Waters Regulatory Commission, together with the Norwegian Water Resources and Energy Directorate (NVE) with the Ministry of Oil and Energy of the Kingdom of Norway. The Project, which started end of 2014, has the goal to support the establishment of a competitive power market in Bulgaria and its integration with the European Union Internal Energy Market (IEM), in conformity with the EU legislation and the ACER Engagements. The activities financing is provided under the Financial Mechanism of the European Economic Area for 2009-2014 and amounts to EUR1 520 000.

The main speaker of the workshop on 11.02.2016, Ms. Kristin Kolseth from the Norwegian Regulator NVE outlined as main task of the national regulator the provision for a functioning electricity and natural gas market in conformity with the REMIT requirements.

She stressed on the REMIT role as a set of rules for the activity of the wholesale energy markets in Europe, providing ACER and NRA with practical tools for efficient prevention form possible manipulations at the markets and ensuring equality for the participants. The role of the rules under REMIT was highlighted, as they guarantee transparency for the market functioning and contribute to increase the consumers confidence and to carry out a smooth transition towards an integrated European energy market.

Discussions at the workshop were on practical issues, related to the interaction of the national regulators with ACER, the establishment and the activity of the market monitoring unit, the identification of eventual breaches on behalf of any market participants, the procedures for reporting and sanctioning of offenders.

Тhe market participants obligation to report to the NRA all their transactions was mentioned as a particularly important factor for the effective operation of the regulator, who, in turn should have the necessary powers to request information at any moment from any market participant, and to perform site inspections, Kristin Kolseth said. It was communicated that presently ACER develops a special Manual for Market Monitoring/Transaction Reporting User Manual (TRUM) aiming to unify the definitions and the procedures. The Manual shall mention the scope of the contracts, subject to registration - between companies within a given group, for electricity supply from small generating units, and for balancing services as well. The ACER Manual shall define also specific indicators for breaches on behalf of the market participants, the procedures for their registration and reporting. The workshop participants were acquainted also with the obligations of the national regulator under the Regulation establishing a Guideline on Capacity Allocation and Congestion Management (CACM).


TAGS: Bulgaria | REMIT | workshop | National Regulatory Authority | energy | Capacity Allocation | Congestion Management 


All news from Bulgaria

No published comments
Login to comment


Interview

17.09.2020  Boyana Achovski, General Secretary of the international organization Gas Infrastructure
In both short and long term, gas will continue being part of the energy mix of Southeastern Europe
Full text

Events

No records in this category!

Poll

publics.bg asks: What will you use to heat your homes this winter?









 



We use cookies to ensure we give you the best browsing experience on our website. Find out more on how we use cookies and how you can change your settings.

Cookies

What are cookies ?

A cookie is a small text file that a website saves on your computer or mobile device when you visit the site. Cookies are widely used in order to make websites work, or work more efficiently, as well as to provide information to the owners of the site.

How do we use cookies?

Website use Google Analytics, a web analytics service provided by Google, Inc. ("Google") to help analyse the use of this website. For this purpose, Google Analytics uses"cookies", which are text files placed on your computer.

The information generated by the cookies about your use of this website - standard internet log information (including your IP address) and visitor behaviour information in an anonymous form - will be transmitted to and stored by Google including on servers in the United States. Google will anonymize the information sent by removing the last octet of your IP address prior to its storage.

According to Google Analytics terms of service, Google will use this information for the purpose of evaluating your use of the website and compiling reports on website activity.

We not use, and not allow any third party to use the statistical analytics tool to track or to collect any personally identifiable information of visitors to this site. Google may transfer the information collected by Google Analytics to third parties where required to do so by law, or where such third parties process the information on Google`s behalf.

According to Google Analytics terms of service, Google will not associate your IP address with any other data held by Google.

You may refuse the use of Google Analytics cookies by downloading and installing Google Analytics Opt-out Browser Add-on. The add-on communicates with the Google Analytics JavaScript (ga.js) to indicate that information about the website visit should not be sent to Google Analytics.

Cookies are also used to record if you have agreed (or not) to our use of cookies on this site, so that you are not asked the question every time you visit the site.

Google Analytics Opt-out Browser Add-on

How to control cookies?

You can control and/or delete cookies as you wish. You can delete all cookies that are already on your computer and you can set most browsers to prevent them from being placed.

All about cookies

Managing cookies in your browser

Most browsers allow you to:
  • see what cookies you have got and delete them on an individual basis
  • block third party cookies
  • block cookies from particular sites
  • block all cookies from being set
  • delete all cookies when you close your browser

If you chose to delete cookies, you should be aware that any preferences will be lost. Also, if you block cookies completely many websites (including ours) will not work properly and webcasts will not work at all. For these reasons, we do not recommend turning cookies off when using our webcasting services.
X