European Power Exchange submits response to consultation on German Green Book “A power market for the energy transition”
Paris / Leipzig / Bern / Vienna, 27 February 2015 – The European Power Exchange EPEX SPOT has submitted a response to the open consultation on the Green Book by the Federal Ministry for Economic Affairs and Energy, entitled “Ein Strommarkt für die Energiewende” (“A power market for the energy transition”).
The response outlines several cornerstones of a future power market design, in particular:
- The price signal plays a fundamental role for the short- and long-term development of the power system. Scarcity prices and negative prices are part of an efficient and well-functioning power market.
- Products that remunerate flexibility are crucial for stimulating investments in flexible capacity, in order to provide system stability and sufficient security of supply in a strong and liquid German Energy Only Market.
- Last but not least, European coordination needs to be deepened for guaranteeing efficient use of existing infrastructure across borders and for avoiding market distortions through purely national decisions on energy policy.
The response can be found on the website of EPEX SPOT or by following this link.
The European Power Exchange EPEX SPOT SE operates the power spot markets for Germany, France, Austria and Switzerland (Day-Ahead and Intraday). Together these countries account for more than one third of the European power consumption. EPEX SPOT also acts as market operating service provider for the Hungarian Power Exchange HUPX and operates the coupling between the Czech, the Slovak, the Hungarian and the Romanian markets on behalf of the local Exchanges. It is a European company (Societas Europaea) based in Paris with branches in Leipzig, Bern and Vienna. Over 220 companies from Europe are active on EPEX SPOT. 382 TWh have been traded on EPEX SPOT’s markets in 2014.