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Follow on Google News | EMART Energy: E-Control’s Walter Boltz warns that Europe is losing its competitive edgeTraders to meet in Berlin in November to discuss the way forward
By: EMART Energy Mr Boltz is a speaker and opening session panelist at the upcoming EMART Energy which will gather more than 850 energy traders from 26-27 November in Berlin. He regards the current key challenges to the energy markets as multifaceted. He explains: “how can back-up thermal plants be economically viable; how can we ensure intermittent power supplies complement security of supply; how can we foster competition in retail markets to reflect the improvements we have seen in wholesale markets?” “This mindset will have to change” According to the E-control Executive Director some solutions to these challenges will undoubtedly increase risks for traders and producers: “for example, we are likely to see more regulatory intervention in the form of capacity mechanisms. This will inevitably impact producers and traders due to the influence of capacity markets on both near and long-term price signals.” He notes that many of the emerging problems require cross-sector solutions. He continues: “so far we have seen gas and electricity players acting as if in separate, largely isolated boxes – for example TSOs. This mindset will have to change. Market participants will also have to bear in mind that there is no guarantee for CO2 prices to continue at the low levels we currently observe; several member states are not satisfied and consider carbon floor taxes to be ineffective.” Shrinking market With regards to renewable energy in the market Mr Boltz says “the various support systems have taken competition- Lack of retail competition He says he is surprised and disappointed that there is still no real competition at the retail level, despite the fact that there have been more market entrants, increasing liquidity and short-term trading in wholesale energy markets. He adds: “for this to happen, we need further harmonisation of market structures and regulatory frameworks to underpin competition. Competition remains the best way to reduce end-user prices, even though several member states find regulated price regimes attractive.” EMART Energy dates and location: Opening session: 26 November, 11.45 - 13.15 Conference and exhibition: 26-27 November Location: Estrel Convention Center, Sonnenallee 225, Berlin, Germany Web: www.emart- Contact: Communications manager: Annemarie Roodbol Telephone : 021 700 3558 Email: annemarie.roodbol@ End
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