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Johannes Kindler Vice-Chairman BundesnetzagenturVice-President of CEER
3rd FTS – CEER meetingSt-Petersburg, 17 May 2011
New Regulation of Energy Trading in Europe
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23rd FTS-CEER meeting, 17 May 2011
Energy Trading
Tra
din
g
Tra
nsp
ort
Ge
ne
ratio
n
Single European Market
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33rd FTS-CEER meeting, 17 May 2011
Current situation
Energy Trading
MiFID EMIRMAD
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43rd FTS-CEER meeting, 17 May 2011
Current situation
Energy Trading
MiFID
National AuthoritiesESMAACER
EMIRMAD
Energy Trading
MiFID EMIRMAD
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53rd FTS-CEER meeting, 17 May 2011
Solution
RR egulation on
EE nergy
M M arket
II ntegrity and
TT ransparency
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63rd FTS-CEER meeting, 17 May 2011
Transparency
REMIT
REMITTransaction Reporting
Market Abuse
Insider Dealing
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73rd FTS-CEER meeting, 17 May 2011
New regulation
MiFIDEMIRMAD
REMIT
Energy Trading
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83rd FTS-CEER meeting, 17 May 2011
There is a risk!
MiFIDEMIRMAD
REMIT
Energy Trading
Split between
Spot Derivatives
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93rd FTS-CEER meeting, 17 May 2011
REMIT: Licensing
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103rd FTS-CEER meeting, 17 May 2011
REMIT: Licensing
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113rd FTS-CEER meeting, 17 May 2011
REMIT: Licensing
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123rd FTS-CEER meeting, 17 May 2011
Key aspects of CEER advice
One single trading license:
permits European-wide trading activities covers electricity and gas necessary for wholesale trading (not supply) considered by the home country of the trading companies headquarters fees are cost-based
Public consultation until 17th June. CEER workshop on 31st May in Brussels.
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133rd FTS-CEER meeting, 17 May 2011
Спасибо за внимание
(Thank you for your attention!)
www.energy-regulators.eu