Energy markets weekly: Brent,...

During the fourth week of August, Brent oil futures for the Front Month...

Europe: Electricity prices show...

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Region: Energy Community support for sustainable infrastructure projects

The Energy Community groups for electricity, gas and oi, discussed, at the meetings held on 18 and 19 March, the methodology for assessing the potential candidate Projects of Energy Community Interest (PECI) and Projects of Mutual Interest (PMI) submitted by project promoters, verifying that they meet the eligibility criteria defined in the Regulation (EU) 347/2013 on guidelines for trans-European energy infrastructure.

In addition, the participants agreed on the methodology and scenarios to be used in assessing the benefit-cost ratio of the individual projects to result in their ranking. In line with decarbonization objectives, the gas market modeling will now include a green scenario, based on a pathway where the Energy Community Contracting Parties are following a decarbonization path as is the EU. Scenarios will also include potential security of gas supply disruptions. To obtain tangible results, the importance of having accurate and complete data was once again reiterated.
One of the key objectives of the Energy Community is to create an integrated energy market allowing for cross-border energy trade and integration of renewable energy, which is not possible without a well-interconnected energy infrastructure. In 2015, the Energy Community adopted Regulation (EU) 347/2013, with certain adaptations. The Regulation provides for a set of measures to facilitate investments in energy infrastructure.

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