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ENTSO-E welcomes steps to stimulate the development of pan-European network investment
The need for robust processes which can speed up permit granting processes and avoid the involvement of multiple parties, such as creating "one-stop-shops" is highlighted by ENTSO-E's TYNDP 2012 report, released for public consultation on 1 March. That report finds that one in three planned investments are experiencing delays in implementation due as a result of lengthy permitting processes. These investments can enhance security of supply, promote competition and better integrate renewable energy, clearly demonstrating the need to quickly translate the proposals into reality without delay.
ENTSO-E's position paper further notes the role of the TYNDP in providing an independent and authoritative overview of pan-European investment needs and therefore stresses the importance of the TYNDP in identifying Projects of Common Interest (PCI). However, ENTSO-E raises concerns that the draft Regulation on infrastructure priorities makes no clear European proposal for incentivizing the delivery of PCIs. ENTSO-E strongly supports the implementation of financial incentives at pan-European level to kick-start the development of cross border projects. Such a mechanism is needed to overcome the risks and challenges which investment involve, which are not reflected in many existing regulatory regimes. Such an approach could involve a system of priority premiums, which provide additional rewards for delivering the most urgent investments.
ENTSO-E looks forward to working closely with ACER and the Commission to develop a pragmatic but robust approach to cost benefit analysis which can demonstrate the benefits of PCI. However, ENTSO-E counsels against basing the cost allocation of transmission projects on this methodology.
ENTSO-E strongly supports the overall direction of the legislative proposal and will continue to work with the European Commission, ACER , policy makers, and other interested parties to maximize the opportunity which the draft Regulations present and ensure that final proposals can be implemented quickly and can prove effective.
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