Position Papers

Joint Associations’ Letter: Call for an urgent expansion of the collateral requirements in energy markets

The objective of this letter is to present the views of EACH, EFET, Eurelectric and Eurogas1 on the proposals by the European Commission – the Delegated Regulation of 21/10/2022 amending the regulatory technical standards laid down in Delegated Regulation (EU) No 153/2013 as regards temporary emergency measures on collateral requirements2 – and the European Securities and Markets Authority (ESMA) – the Draft Technical Standards amending Commission Delegated Regulation (RTS) 153/2013 3 – (henceforth ‘the Authorities’) related to the emergency measures on collateral requirements and in particular their suggestions on bank guarantees and public guarantees.

Joint letter on Energy Efficiency Directive

In light of the current COREPER discussions on the EED draft general approach and in view of the upcoming Energy Council, key stakeholders have gathered to recall the importance of adopting a multitechnology and multi-energy vector approach to decarbonisation across all sectors to be reflected into the entire Fit for 55 package, including the EED.

A European Strategy for CCUS – Eurogas position Paper on CCUS

Eurogas welcomes the recent Communication from the European Commission (EC) on Sustainable carbon cycles and intention to develop a legislative framework for the certification of carbon removals by the end of 2022. This recent push for CCUS-dedicated ambitions and policies is a strong indicator of the renewed EU commitment toward CCUS.

Eurogas Position Paper on Joint Procurement of Natural Gas

Both the Communication on More Affordable, Sustainable and Secure Energy and the Draft Regulation on Security of Supply make reference to joint purchasing of gaseous fuels: natural gas, LNG and hydrogen. The current combination of high prices in the gas wholesale market and the war in Ukraine have driven political attention on to the issue of gas purchasing.

Eurogas position on ‘minimum gas storage obligations’

Eurogas recognises that the current market dynamics emerging from the geopolitical situation requires particular attention. The negative summer/winter spread limits incentives for market participants to put gas into storage and may not provide sufficient incentives for suppliers to factor in possibly security of supply risks.