As the European Council meeting of 30 and 31 May approaches, we urge Member States to consider the added value of the IEM in managing the immediate effects of this crisis and in shaping the energy sector of the future.
As regards the new REPowerEU Plan published yesterday, we have serious concerns about several of the proposed short-term emergency measures as they risk threatening the integrity and functioning of the Internal Energy Market.
Imposing restrictions on who may or may not participate in the EU ETS would significantly weaken the market, putting at risk the EU’s ability to meet its climate goals in a cost-efficient manner.
Europe is currently facing a severe shock to its energy markets, the reasons for which are diverse, ranging from global demand and supply fundamentals in the early stages and now strongly influenced by the Russian invasion of Ukraine.
In response to the Russian government’s actions against Ukraine, the General Assembly of Europex has decided to exclude the Saint Petersburg International Mercantile Exchange (SPIMEX) from Europex, effectively terminating their associate membership as of today.
We would like to express our concern that the European Commission may be considering intervention in the ETS, either through position limits or some other action, ahead of the publication of ESMA’s final report on the EU Carbon Market.
The two main goals of the Paris Agreement to reach global net zero emissions by mid-century and to keep to close or below 1.5 degrees
ETPA, Energy Trading Platform Amsterdam, has joined Europex as a Full Member as of today. With the inclusion of ETPA, Europex now counts 30 members across Europe.
The General Assembly of Europex elected the Chairperson, Board and the Heads of the four Working Groups: Power Markets, Gas Markets, Environmental Markets and Financial Markets. Those elected will serve a two-year mandate from 2022-2023.
Europex welcomes this coordinated approach and urges Member States to implement consumer protective measures which do not negatively impact the well-functioning and proven welfare benefits of the IEM.
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