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Implementing the 3 rd EU Energy package Colin Lyle, EFET Gas Committee Chairman EFET

Implementing the 3 rd EU Energy package Colin Lyle, EFET Gas Committee Chairman www.EFET.org. 22 September 2009 Brussels. Hub. Trading Hubs set Market Prices. IMPLEMENTING THE 3 rd EU ENERGY PACKAGE Illustration of the Developing EU Gas Market. Gas Interconnectors. Demand management.

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Implementing the 3 rd EU Energy package Colin Lyle, EFET Gas Committee Chairman EFET

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  1. Implementing the 3rd EU Energy packageColin Lyle, EFET Gas Committee Chairmanwww.EFET.org 22 September 2009 Brussels

  2. Hub Trading Hubs set Market Prices IMPLEMENTING THE 3rd EU ENERGY PACKAGEIllustration of the Developing EU Gas Market Gas Interconnectors Demand management Regulated, Independent Network Operators Storage LNG I/O Industrial & Commercial I/O I Customer Choice of Suppliers LNG HP Transmission I O LP Distribution O Residential Competing Producers Competing Suppliers

  3. IMPLEMENTING THE 3rd EU ENERGY PACKAGE Removing the barriers to help the market to work Its an open market, But I was here first.

  4. Physical hub ( e.g border point) Huberator @ Zeebrugge IMPLEMENTING THE 3rd EU ENERGY PACKAGE Traded markets are needed for clear price signals Virtual hub (in-grid balancing point) NBP Trading hub with limited price transparency GD TTF EGT CEGH @ Baumgarten PEG N NB. Not all trading locations are shown PSV

  5. IMPLEMENTING THE 3rd EU ENERGY PACKAGE Regional markets may provide long-term solutions E.g. IEA view of possible gas market development • Large trading hubs are needed for sufficient liquidity. • Gas takes far longer to travel than electricity • High economic cost of full interconnection across whole of EU. • EU gas market will be a series of ‘pools’ rather than a ‘copper plate’ • LNG and pipeline gas need access to balancing pools

  6. IMPLEMENTING THE 3rd EU ENERGY PACKAGE Some issues to tackle now • Share understanding of the EU gas market design • Clear plans to establish market-based balancing • Improved provision of fundamental data • Multi-system operation (Regional cooperation) • Maximising capacity for market participants • Consistent regulatory approach to x-border investment • Encouraging competitive markets (gas hubs, storage etc...)

  7. IMPLEMENTING THE 3rd EU ENERGY PACKAGE IFIEC Forum - 22 September 2009 Brussels European Federation of Energy Traders Tel: +31 (0)20 5207970Email: secretariat@efet.org www.efet.org

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