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EEX: The Market and Europe are the Key Factors for a Successful Energy Turnaround
EEX publishes paper on energy-policy cornerstones
The political decisions regarding the implementation of the energy turnaround have a direct impact on supply and demand and, therefore, on the trading behaviour of the more than 220 trading participants on EEX. This includes regional and supra-regional power supply companies and public utilities as well as banks and brokers but also energy-intensive industrial consumers from all over Europe. The European market is a central indicator for the status of the energy turnaround and its effects on Europe, and for making decisions regarding the future on this basis. Therefore, it has to be protected and further expanded.
The following eight cornerstones which are further explained in the paper form the ref-erence frame for a market-based energy policy with a European alignment - regardless of the detailed design:
1. Energy markets need a reliable political framework
2. Commitment to free, competitive, supervised and transparent markets
3. The further expansion of renewable energies should be market based
4. Guarantees of origin create transparency and display the willingness to pay for green power
5. Capacity mechanisms only as the ultimate ratio - no further subsidisation mechanism
6. Stronger demand side management creates more flexibility on the market
7. Energy policy with a European perspective
8. Strengthening European emissions trading as a climate protection instrument for the 2030 target
For EEX as the most important energy trading platform in Germany and Europe, the question of power market design will be decisive for the future. "Only a power market which is based on the market, aligned to Europe and whose potential is fully utilised can provide the right incentives for investments in renewable energies, conventional back-up power plants and in new technologies for consumption management and storage", explains Peter Reitz, CEO of EEX. He adds: "An energy policy which is unilaterally aligned to government regulation is not the right solution. It completely masks out the existing markets and leads to inefficiency, higher complexity and, as a result, higher costs which will ultimately be defrayed by the consumers."
The energy policy cornerstones are published on the EEX website. They provide an impulse for the debate regarding the further implementation of the energy turnaround and for the dialogue with political decision makers, market players and various interest groups, particularly in the run-up to this year's parliamentary elections in Germany.
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