energy infrastructure package: what is in it for hvdc grids?
DESCRIPTION
The HVDC grid projects seem to have what it takes to become a so-called ‘Project of Common Interest’. This implies that they can get a preferential regulatory treatment thanks to the brand new EU Regulation for Energy Infrastructure that has been adopted last year to speed up projects that are of strategic importance for Europe. In this presentation I give an overview of the new set of regulatory tools that the Energy Infrastructure Package provides, their status of implementation, and what is next.TRANSCRIPT
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ENERGY INFRASTRUCTURE PACKAGE: WHAT IS IN IT FOR HVDC GRIDS?
CIGRE CONFERENCE, MARCH 14, BRUSSELS
Leonardo Meeus Associate Professor, Vlerick Business School
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PROJECTS OF COMMON INTEREST (PCI)
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OUTLINE
§ New regulatory tools for PCIs § Status of implementaCon § Next steps
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• 2011/0300 (COD): RegulaCon on guidelines for trans-‐European energy infrastructure à No 347/2013 (April)
• 2011/0302 (COD): RegulaCon establishing the ConnecCng Europe Facility
Energy Infrastructure Package
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NEW REG. TOOLS (TO SELECT PROJECTS)
§ Common CBA method
§ SelecCon process (every 2 years) § Promoters propose
§ Regional Groups (MS + EC) rank
§ European Commission adopts a list
§ First PCI list § EC: “One grid-‐read off-‐shore hub involving anCcipatory investments as a forerunner for the future integrated off-‐shore grid”
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NEW REG. TOOLS (TO ACCELERATE PROJECTS)
§ Permit granCng § One stop shop § Procedure with deadlines
§ Cross-‐Border Cost AllocaCon (CBCA) § Procedure with deadlines § ACER decision power
§ TSO incenCves § PublicaCon best pracCces MS/ACER
§ EC Guidelines
§ Tendering procedure
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NEW REG. TOOLS (TO COORDINATE PROJECTS)
§ Enhanced TYNDP § CBA method
§ Including all PCI candidates (also third party projects)
§ Regional Groups (electricity) § Northern Sea offshore grid § North-‐South interconnecCons in Western Europe
§ North-‐South interconnecCons in Central Eastern and South Eastern Europe
§ BalCc InterconnecCon Plan
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NEW REG. TOOLS (TO FINANCE PROJECTS)
§ More EU funding § TEN-‐E: Energy €20M per year
§ CEF: Energy EUR €406.3M in 2014
§ InnovaCve financial instruments § TEN-‐E: grants § CEF: EIB project bonds, and risk capital, and grants as last resort
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More EU funding
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STATUS OF IMPLEMENTATION (CBA)
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STATUS OF IMPLEMENTATION (CBCA)
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NEXT STEPS
§ Guidelines for TSO incenCves § CBCA agreements for first PCI list (first ACER decisions?)
§ Final adopCon CBA method and use of the method in 2nd PCI list and 3rd TYNDP in 2016
§ ArCcle 17 on ReporCng and evaluaCon! à 2nd EIP package by 2017?
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