CEEP Annual Report 2021

CEEP Annual Report 2021

The report offers a comprehensive look at our activities during 2021 with four key topics highlighted: fair transition, energy system integration and the role of hydrogen, EU emission trading system and offshore wind energy. "The energy transition is at the heart of the EU energy and climate policies but the ongoing energy crisis has continued from 2021 into 2022 and we are now facing energy prices soaring even further and supply shocks even deeper. These remind us that the EU remains too reliant on the imported fossil fuels while their supply routes are clearly not diversified enough. Energy security, as one of the five dimensions of the EU energy union, should therefore become a first priority, especially in the Central European region which has been seriously affected by supply disruptions of the past, as it experiences them anew in 2022.wrote Mr Leszek Jesień, Chairman of the Board of Directors at CEEP in a message included in the report. Download the CEEP’s 2021 annual [...]
Funding mechanisms under the revised EU ETS and Social Climate Fund

Funding mechanisms under the revised EU ETS and Social Climate Fund

The European Union Emissions Trading System (EU ETS) is one of the main pillars of EU’s climate and energy policy and its revision is crucial to the Fit for 55 Package, adopted by the European Commission (EC) in July 2021. In this paper, ERCST and CEEP provide an overview of the size and functioning of the funding mechanisms which are part of the revised EU ETS and the Fit for 55 Package, i.e., the Social Climate Fund. It also puts forward some recommendations in light of the ongoing legislative process. Finally, it compares the ENVI draft report on the ETS funding mechanisms with the EC proposal providing a summary of the current and upcoming political debate. The Environmental Council will meet on 28th June, aiming to achieve a Council position on the Fit for 55 Package, including the EU ETS Directive, while the European Parliament will vote its position in June. The beginning of trilogue negotiations between Parliament and Council under the supervision of the EC is envisaged for September. Download our report [...]
Event: How to make the EU ETS more effective?

Event: How to make the EU ETS more effective?

The EU ETS has a central role in promoting and facilitating green transition in energy and industry sectors. The current reform provides an opportunity to redesign the EU ETS to help companies implement their carbon-neutrality strategies more effectively and leave no consumers behind. In the context of high carbon prices, even more, attention is needed to ensure that the safeguards are effective in limiting the unnecessary cost of decarbonisation. CEEP participated in the working diner co-hosted by three MEPs in Strasbourg last month. The main topic was the EU ETS reform, with a focus on speculation and on the funding mechanisms. The participants exchanged views on possible solutions to redesign the EU ETS so that it is fit for its purpose, fair, and can work for all to ensure clean and affordable energy to power our households and economy. Next month, CEEP with ERCST will also provide an overview of the size and functioning of the funding mechanisms which are part of the revised EU ETS and the Fit for 55 Package, i.e. the Social Climate Fund, and will put forward some recommendations in light of the ongoing legislative [...]
Ukraine’s power system synchronised with Continental European Grid

Ukraine’s power system synchronised with Continental European Grid

The electricity grids of Ukraine and Moldova have been successfully synchronised with the Continental European Grid on the 16th of March. This acceleration of the synchronisation project ongoing since 2017 has been possible thanks to the previous studies carried out and the adoption of risk mitigation measures. This is a great achievement on both technical and political levels, especially since the request from the Ukrainian and Moldovan sides came on the 27th and 28th of February. Credits for this significant milestone go to the Continental Europe TSOs and especially to Ukrenergo and Moldelectrica which are operating their respective power systems under extremely difficult circumstances. It is also a success of the European Commission and national authorities who provided important support and assistance in the synchronisation process. The successful synchronisation ends Ukraine’s dependence on the Russian power grid system and will allow Ukraine to have a stable electricity system in place. Until the invasion of Ukraine by Russia, most of Ukraine and Moldova were part of the Russian synchronous system, thus relying on that more extensive system to maintain the frequency in Ukraine. Source: [...]
Security of oil supply for Poland and the EU is ensured

Security of oil supply for Poland and the EU is ensured

PERN, a CEEP member company, is the Polish leader in crude oil and fuels logistics and a strategic company that guarantees energy security in the area of oil supplies in Poland, but also in the European Union. A company is prepared for a ban on oil imports from Russia thanks to its developed pipeline system, fuel depots and oil terminal at the Baltic sea coast. President of PERN Igor Wasilewski in a recent interview for Biznes Alert underlined that PERN has done its homework in the area of energy security. ‘’We have expanded the storage infrastructure in Gdańsk thus it is possible to import various types of oil from different directions of the world and currently, we have almost two million cubic meters of storage capacity by the sea itself”, he stated. A company has among its main customers two Polish and two German refineries. PERN pipeline system has already been tested in 2019 during the chlorine crisis (Russian oil delivered to Poland was contaminated with chlorides), when for 46 days it was supplied solely from the oil terminal in Gdansk. Operational efficiency and investments have made that today PERN is prepared for the option of zero oil supplies from Russia. ‘’The war in Ukraine has shown that the diversification of raw material supplies is fundamental for the security of any country and we cannot focus only on one direction. I can say that today the annual demand of the Polish refineries is about 27 million tons. This means that the oil terminal in Gdańsk (36 million tons) still has a margin to offer the capacity to its German [...]