In the morning session the IAP members discussed the development of the Energy Charter Early Warning Mechanism, which is intended as an important instrument to be used in preventing energy flow disruptions. The Panel welcomed the new initiative, made specific recommendations to improve the proposed mechanism and confirmed its interest to continue consultations on the subject. Discussions on preventive energy diplomacy were followed by a presentation from GO15 with a focus on future policy actions to support the ongoing transition of energy markets and the adaptation of power systems.
In the afternoon session the IAP and invited speakers from highly reputable companies and organisations addressed the increasingly important subject of the impact of long-term electricity transmission rights (LTRs) on the European Union (EU) policy perspective and the respective interests of investors. The debate focused on the implications for the current EU electricity market target model and the role of LTRs in the development of renewables and the grid infrastructure, as well as potential anti-competitive effects. The importance of LTRs for renewable energy projects between the EU and third countries was also discussed. The Energy Charter was invited to continue consultations on the subject which is a critical element of evolving energy markets and cross-border cooperation.
In the concluding session, the Industry Advisory Panel discussed its contribution to the Energy Charter Review process and welcomed new members from the Abengoa company. The IAP looks forward to the results of the Review process, which will be discussed at the Meeting of the Energy Charter Conference on 26-27 November in Astana, Kazakhstan.
Information about Meeting Partners
The Industry Advisory Panel of the Energy Charter was set up by the Energy Charter Conference in 2004 as a means to build on existing contacts with the energy industry, and to strengthen the dialogue with the private sector on the main directions of the Charter Process, with a particular focus on investment, cross-border energy trade, transit, risk mitigation and improvement of the business climate. The Panel serves as a consultative board to the Energy Charter Conference and to its various Groups, and provide advice on relevant issues related to the functioning of energy markets. The Panel has established itself as a notable forum for analysing energy market and policy trends, areas of possible concern, positive developments and identifying new emerging challenges heading the energy sector's way.
GO15 (formerly Very Large Power Grid Operators Association – VLPGO) is a voluntary initiative of the world’s 16 largest power grid operators. These operators represent over 70% of the world's electricity demand and provide electricity to 3.4 billion consumers on all continents. The operators are responsible for the integration of 2518 GW of generation capacity into the grid, of which 21% is from renewable energy sources. GO15 was created in 2004 in response to several blackouts across the world with a goal of investigating fundamental issues of common interest to its members and developing joint action plans addressing improvements to power system reliability. In 2009, GO15 became a formal organisation.
Dii GmbH is an international industrial initiative, which was founded in 2009 to make generation of renewable electricity from desert regions economically sustainable. This initiative with shareholders and associated partners from 15 countries focuses on Europe, North Africa and the Middle East (EUMENA). Dii's mission is to pave the way for a market for solar and wind power from the deserts for local consumption in the MENA region and, eventually, for export to Europe. The aim is to reach an energy mix of highest security of delivery, mainly based on lowest cost renewable electricity throughout the interconnected markets of EUMENA. Dii acts as a market and project enabler that builds partnerships throughout this region. The initiative gives guidance on the integration of desert power into the common market, e.g., by highlighting the required political, regulatory, financial, (socio-) economic, technological and end-user conditions. Dii is not an investor itself and does not develop projects itself, rather it assists the energy sector in identifying and developing feasible projects.