ENTSOG Annual Report 2013

Targets 2015

On 4 February 2011, European Council set the deadline for completing the internal energy market to the end of 2014. The involved parties are working hard to achieve this ambitious goal.

Since the conversion efficiency into electricity or heat is higher with natural gas than with other fossil fuels, less energy is lost in the process.

Image courtesy of GRTgaz

As foreseen by Regulation (EC) 715 / 2009, ENTSOG has been asked to deliver network codes under a very strict timeline – one year – while also consulting with all relevant stakeholders in this same period. Network codes for capacity alloca- tion mechanisms, balancing, interoperability and harmonisation of tariff structures will serve as the cornerstones of Europe’s future internal energy market. Together with network codes, continuous development of the Ten-Year Network Develop- ment Plan (TYNDP) has provided some of the most interesting and excellent overviews of the European gas market over a ten-year period. The next edition of this document will be strengthened (planned for February 2015) by the first im­ plementation of Cost-Benefit Analysis (CBA) methodology applied to projects of common inter- est for the EU.

Our efforts from 2011–2014 have been devoted to completing network codes and developing new ones as they become necessary, as well as finalis- ing the next edition of TYNDP. From 2015 on- wards, a new set of network codes will be taken into consideration so that the internal gas market can be improved in additional aspects. ENTSOG has engaged a team in Brussels that is, with the support of our members in various work- ing groups, working to complete these many tasks. Regular workshops and meetings with stakeholders are conducted where various issues can be presented and discussed. By proceeding in this manner, we will be able to develop and complete our network codes and TYNDP in our steadfast pursuit of an effective internal energy market for Europe.

ENTSOG Annual Report 2013 |

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