New toolkit introduced by the energy infrastructure package
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The European Commission has recently estimated the investment needs in energy (electricity and gas) infrastructure of European importance to be about €200 billion up to 2020 . The Commission has also stressed that, under a business as usual scenario, almost half of these investments are at risk of not being delivered in time or at all, leaving a gap of about €100 billion. The main identified obstacles are problems related to permit granting, regulatory issues and financing; and those cannot be fully overcome by the existing measures. In this context, the European Commission has proposed an Energy Infrastructure package, which we introduce in this presentation.
Transcript of New toolkit introduced by the energy infrastructure package
New toolkit introduced by the Energy Infrastructure Package (EIP)
FSR Executive Seminar March 8, 2013, Florence
Leonardo Meeus
www.florence-school.eu 2
1. Focus 2. Coordinate 3. Accelerate 4. Finance
Why a new toolkit?
• 2011/0300 (COD): Regulation on guidelines for trans-European energy infrastructure • 2011/0301 (COD): Regulation laying down general rules for the granting of Community
financial aid in the field of the trans-European transport and energy networks • 2011/0302 (COD): Regulation establishing the Connecting Europe Facility
Why a package?
New toolkit Introduction
www.florence-school.eu
New toolkit 1. Focus
Existing toolkit
New toolkit • Union-wide list of “Projects of
Common Interest (PCI)” • Note that
– New policy is not necessarily more focused
– But, it will be more transparent why policy focuses on certain projects and not others
– Single CBA method will be developed for that purpose
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EU labels (550 projects) • Projects of common interest • Priority projects • Projects of European
interest (42 projects)
www.florence-school.eu
New toolkit 2. Coordinate
Existing toolkit New toolkit • Enhanced TYNDP
– Including all PCI candidates (also third party projects)
– Using the single CBA method • Regional Groups
– Northern Sea offshore grid – North-South electricity
interconnections in Western Europe – North-South electricity
interconnections in Central Eastern and South Eastern Europe
– Baltic Energy Market Interconnection Plan in electricity
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10-Year Network Development Plan (TYNDP)
www.florence-school.eu
New toolkit 3. Accelerate
Existing toolkit New toolkit • European Coordinators • National one stop shops • Procedure with deadlines for
permit granting process • Procedure with deadlines for cost
allocation process • Process towards guidelines for
regulated investment incentives
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European Coordinators
www.florence-school.eu
New toolkit 4. Finance
Existing toolkit
• Energy EUR 20M per year
New toolkit
• Energy 9,1B 2014-2020 proposed by EC, meanwhile reduced
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• Innovative financial instruments – Project Bond Initiative – Risk capital for PCIs
• Grants
More EU funding
Improved leverage of EU funding
• Connecting Europe Facility centralizes the available financial instruments at EU level
• Evaluation reports Improved use of EU funding
www.florence-school.eu 7
• Focus: CBA method • Coordinate: enhanced TYNDP; Regional Groups • Accelerate: national one stop shops; procedure with deadlines for permit
granting and cost allocation; guidelines for regulated investment incentives
• Finance: innovative instruments
There are new tools to
• TYNDP includes 100 projects, and we could easily have up to 100 PCIs
These tools will apply to most projects
New toolkit Conclusions
• New actors in transmission investments
Possible side-effect of this package
