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5.4 TSO perspective
According to the Third Energy Package market-based
investments should be primarily triggered by market
testing. It might prove difficult, if not impossible, to
secure sufficient financial ex-ante commitments for
projects which cannot find direct and explicit users
but are at the benefit of the overall system, such as
the investments delivering security of supply or
guaranteeing network flexibility and transmission
services security.
For market-based investment, TSOs’ role within the investment process involves
enabling the market to signal necessary projects through market consultation. This
includes national, regional and European plans, and also the incremental capacity
process, integrated into the Capacity Allocation Mechanism Network Code. The final
identification of this kind of infrastructure projects requires reliable commitments
from market players. Finally, as stated in Regulation 347/2013, there are some
projects that should be built taking into consideration contributions to security of
supply, market integration, competition and sustainability (mainly, PCI projects).
ENTSOG’s role in the investment process is to ensure an objective assessment of
infrastructure development and to provide supporting information.
The main risk stemming from the list of barriers identified in this Chapter is a delay
in the delivery of necessary projects. The bi-annual repetition and continuous
development of the TYNDP process should ensure an efficient and appropriate
infrastructure assessment based on the latest developments in the European and
global energy markets.