Energy Community gas markets punch below their weight concludes wholesale market monitoring report

The Gas Wholesale Market Volume of the Annual Monitoring Report 2019 was released today by the EU Agency for the Cooperation of Energy Regulators (ACER) and the Council of European Energy Regulators (CEER). For the fourth time in a row, the report covers gas market developments in the Energy Community Contracting Parties based on data provided by the Contracting Parties’ national regulatory authorities.

Taking into account indicators such as physical gas flows, gas sourcing costs, market concentration and transmission tariffs, the report concludes that the Contracting Parties’ gas markets still show a sub-optimal level of development. The report calls for continuous alignment of the Energy Community acquis communitaire with EU legislation as a pre-condition for enhancing market integration and cross-border trading. The monitoring report also recognized the efforts of Ukraine towards creating a gas trading hub similar to those in EU Member States.

A more detailed analysis of the wholesale gas markets of the Energy Community, focusing also on specific regulatory developments in the Contracting Parties, will be published later this autumn by the Energy Community Regulatory Board.