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Legal Alert

Regulatory Overview of February 2023

Category: Legal Alert
Published: 02 March 2023
Last Updated: 25 February 2023

 

   

 

Regulatory event

 

Related article

1

Commission Delegated Regulation of 1.2.2023 amending the regulatory technical standards laid down in Delegated Regulation (EU) 2017/588 as regards the annual application date of the calculations of the average daily number of transactions for shares, depository receipts and exchange-traded funds for the purposes of the tick sizes (Text with EEA relevance), C(2023) 696 final 

MiFID II tick-size regime 
2

ACER publishes its latest report on how electricity network tariffs are set in Europe

ACER Report, Analysis of the Consultation Document on the Gas Transmission Tariff Structure for Belgium

ACER calls for improvements to the proposed Italian gas transmission tariffs

Network tariffs

3

ACER publishes its first daily reference price related to the gas market correction mechanism (MCM)

Gas target model
4 Commission approves €104 million Croatian scheme to support energy-intensive companies  CEEAG
5

ACER’s policy paper on the further development of the EU electricity forward market

Forward electricity markets

Network Code on Forward Capacity Allocation (FCA)

6 Grant agreements signed with 16 innovative large-scale projects Innovation Fund
7 Commission approves €1.36 billion Greek scheme to compensate energy-intensive companies for indirect emission costs Carbon Leakage - EU ETS State Aid Rules
8

TSOs submitted to ACER a proposal for the harmonised methodology for cross-zonal capacity allocation for the exchange of balancing capacity or sharing of reserves.

Exchange of Balancing Capacity

Cross-zonal capacity

9

ENTSO-E publishes two (2) draft revised IGDs for consultation:

- IGD on Compliance Verification - Using Electrical Simulation Models
- IGD on Compliance Verification - Compliance Monitoring after final operational notification

Network Code on Requirements for Grid Connection of Generators (NC RfG) - must-read for European electricity producers

Network Code on Demand Connection (DCC)

Network Code on High Voltage Direct Current Connections (HVDC)

10 IETA Publishes Trading Documents for Carbon Reductions and Removals Land use, land-use change and forestry (LULUCF)
11

ACER-CEER Reaction to the European Commission’s public consultation on electricity market design

ENTSO-E's Response to the European Commission Public Consultation on Electricity Market Design

Energy Package
12

Commission Delegated Regulation (EU) 2023/315 of 25 October 2022 amending the regulatory technical standards laid down in Delegated Regulations (EU) 2015/2205, (EU) No 2016/592 and (EU) 2016/1178 as regards the date at which the clearing obligation takes effect for certain types of contracts published in the EU Official Journal

EMIR clearing obligation
13

Commission Delegated Regulation (EU) 2023/314 of 25 October 2022 amending the regulatory technical standards laid down in Delegated Regulation (EU) 2016/2251 as regards the date of application of certain risk management procedures for the exchange of collateral published in the EU Official Journal

Collateral requirements under EMIR
14

Commission Delegated Regulation (EU) 2023/363 of 31 October 2022 amending and correcting the regulatory technical standards laid down in Delegated Regulation (EU) 2022/1288 as regards the content and presentation of information in relation to disclosures in pre-contractual documents and periodic reports for financial products investing in environmentally sustainable economic activities published in the EU Official Journal

SFDR
15

Commission approves €460 million Spanish measure to support ArcelorMittal decarbonise its steel production

Commission approves €55 million German measure to support ArcelorMittal's green steel demonstration plant

Commission approves €170 million Danish scheme to support renewable hydrogen production

CEEAG

 

Hydrogen use in the energy sector

16

ENTSO-E consultation - Nordic TSOs' methodology for sharing and exchange limits of FRR/RR (amended)

Frequency Restoration Reserve (FRR)

Replacement Reserve (RR)

17

Judgment of the General Court (Second Chamber, Extended Composition) of 15 February 2023. Austrian Power Grid AG and Others v European Union Agency for the Cooperation of Energy Regulators, Case T‑606/20

Judgment of the General Court (Second Chamber, Extended Composition) of 15 February 2023. Austrian Power Grid AG and Others v European Union Agency for the Cooperation of Energy Regulators, Case T‑607/20

Frequency Restoration Reserve (FRR)
18

Amendment proposal on Art. 15(1) of CCR Hansa ID/DA Capacity Calculation Methodology

Cross-zonal capacity
19

Public consultation on the update of ACER cross-border cost allocation (CBCA) Recommendation (PC_2023_EG_03)

Regulation on Trans-European Energy Networks (TEN-E Regulation)

 

 

 

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