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The European Union Agency for the Cooperation of Energy Regulators (ACER) publishes today its report on enabling short-term gas markets after interim balancing measures (Fourth ACER Report on the implementation of the Balancing Network Code) with a view to end interim measures in the EU balancing zones. ACER has been reporting on the implementation of this Network Code since 2016.
The report finds that market-based balancing benefits network users and replaces the transmission system operator as the sole balancing agent. The Agency also reports that balancing data transparency helps imbalance price signals and imbalance trades to develop and that market-based balancing regimes support liquid short-term markets in the Union.
The Code envisaged full compliance from interim measures within five years from the entry into force, with the exception of balancing platforms (allowed until 16 April 2024). The Report follows up on whether the interim measures foreseen to expire by 16 April 2019 were completed.
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