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Enhancing Transparency in the European Gas Market through Regulation Compliance

Transparency is vital for a well-functioning internal European market. Addressing asymmetric information can eliminate market distortions and barriers to entry. Gas Regulation No. 715/2009, effective from 3rd March 2011, enforces enhanced transparency requirements under Article 18 and amended Annex 1. This project aims to monitor compliance of Transmission System Operators (TSOs) with these requirements and assess the quality of published data. Feedback from market participants indicates progress, underscoring the need for correct implementation of transparency standards and collaboration among National Regulatory Authorities (NRAs) and TSOs.

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Enhancing Transparency in the European Gas Market through Regulation Compliance

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  1. Purpose • Transparency is a critical element in ensuring an effective functioning internal European market. • Asymmetric information leads to distortions in the market and can be a barrier to entry. • Gas Regulation No 715/2009, effective from 3rd March 2011 includes a number of enhanced transparency requirements under Article 18 and under amended Chapter 3 of Annex 1 of the Gas regulation

  2. Objectives • The proposed objectives of this project: • Monitor compliance of TSOs against the requirements outlined under Article 18 and amended Chapter 3 of Annex 1 of Gas Regulation No 715/2009. • Assess the quality of the data published.

  3. Background • GRI NW has been one of the leading institutions over the past 4 years driving significant improvements in European gas market transparency. • Market participants provided positive feedback on the improved information transparency through GRI. • Important to ensure enhanced requirements under 3rd package are implemented correctly. • Lessons learnt from these previous transparency projects: • agree interpretation of what is required under the Gas Regulation. • project requires all NRAs to participate and all TSOs cooperation.

  4. The proposal

  5. Next steps and questions • Do you agree with the proposed project? • Any comments on the high level project plan? • GRI NW members – volunteers to join project team?

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