10 Amendments of Luke Ming FLANAGAN related to 2016/0379(COD)
Amendment 60 #
Proposal for a regulation
Recital 4
Recital 4
(4) State interventions (on wind energy especially), often designed in an uncoordinated manner, have led to increasing distortions of the wholesale electricity market, with negative consequences for investments and cross- border trade.
Amendment 64 #
Proposal for a regulation
Recital 6
Recital 6
(6) More market integration and the change towards a more volatile electricity production requires increased efforts to coordinate national energy policies with neighbours and to use the opportunities of cross-border electricity trade, though care must be exercised that this is NOT at the expense of the 'home' market.
Amendment 66 #
Proposal for a regulation
Recital 8
Recital 8
(8) Core market principles should set out that electricity prices are to be determined through demand and supply, though regulation of that market is then required to ensure that in this most vital of services, there is neither profiteering nor cartel operations by the dominant players. Those prices should signal when electricity is needed, providing market- based incentives for investments into flexibility sources such as flexible generation, interconnection, demand response or storage.
Amendment 68 #
Proposal for a regulation
Recital 9
Recital 9
(9) The decarbonisation of the electricity sector, with renewable energy becoming a major part of the market, is a core objective of the Energy Union. As the Union moves towards the decarbonisation of the electricity sector and increasing penetration of renewable energy sources, it is crucial that the market removes existing barriers to cross-border trade (though provision must also be made to ensure that the 'home' market in such trade isn't adversely affected) and encourages investments into supporting infrastructure, for example, more flexible generation, interconnection, demand response and storage. To support this shift to variable and distributed generation, and to ensure that energy market principles are the basis for the Union's electricity markets of the future, a renewed focus on short- term markets and scarcity pricing is essential.
Amendment 69 #
Proposal for a regulation
Recital 10
Recital 10
(10) Short-term markets will improve liquidity and competition by enabling more resources to participate fully in the market, especially those that are more flexible. Effective scarcity pricing will encourage market participants to be available when the market most needs it and ensures that they can recover their costs in the wholesale market. It is therefore critical to ensure that, as far as possible, administrative and implicit price caps are removed to allow scarcity prices to increase up to the value of lost load. When fully embedded in the market structure, short-term markets and scarcity pricing will contribute to the removal of other measures, such as capacity mechanisms, to ensure security of supply. At the same time, scarcity pricing without price caps on the wholesale market should not jeopardize the possibility for reasonable, reliable and stable prices for final customers, in particular households and SMEs.
Amendment 90 #
Proposal for a regulation
Article 1 – paragraph 1 – point d
Article 1 – paragraph 1 – point d
(d) facilitating the emergence of a well- functioning and transparent wholesale market across all Member States, (including those such as Ireland, Malta and Cyprus that are offshore from mainland Europe) with a high level of security of supply in electricity. It provides for mechanisms to harmonise the rules for cross-border exchanges in electricity.
Amendment 102 #
Proposal for a regulation
Article 3 – paragraph 1 – point a
Article 3 – paragraph 1 – point a
(a) prices shall be formed based on demand and supply but with the over- riding principle that fairness in that pricing shall be at the core;
Amendment 103 #
Proposal for a regulation
Article 3 – paragraph 1 – point b
Article 3 – paragraph 1 – point b
(b) actions which prevent price formation on the basis of a) demand and supply or, and b) fair pricing, or which constitute a disincentive to the development of more flexible generation, low carbon generation, or more flexible demand shall be avoided;
Amendment 108 #
Proposal for a regulation
Article 3 – paragraph 1 – point d
Article 3 – paragraph 1 – point d
(d) market participation of consumers and small businesses shall be enabled and encouraged by aggregation of generation from multiple generation facilities or load from multiple demand facilities to provide joint offers on the electricity market and be jointly operated in the electricity system, subject to compliance with EU treaty rules on competition;
Amendment 109 #
Proposal for a regulation
Article 3 – paragraph 1 – point e
Article 3 – paragraph 1 – point e
(e) market rules shall support the decarbonisation of the economy by enabling the integration of electricity from viable renewable energy sources and providing incentives for energy efficiency;