Siobhan Hall

It will also monitor the EU's competitiveness and the share of Russian LNG in the bloc's total energy imports, according to its 14 th sanctions package against Russia published in its Official Journal late on Monday.

Nearly all the Nominated Electricity Market Operators (Nemos) who run the SDAC with grid operators would still offer an hourly trading product after that, and some, including Epex Spot and Nord Pool, would also offer a 30-minute trading product, according to their presentation during a market coupling webinar.

They want the bloc to continue its transition to becoming a net-zero economy by 2050 with more focus on global competitiveness and energy independence, the 27 national government leaders said after meeting in Brussels.

The volumes of power involved in remedial actions to manage congestion rose 14% in 2023, however, to 57.28 TWh, including redispatching and countertrading, it said in its annual report on cross-zonal trading capacities and congestion management.

Making more cross-zonal trading possible at all times helped to reduce price volatility, integrate more renewables, enhance supply security and make the power system more flexible, Acer said in its annual report on cross-zonal trading capacities and congestion management.

“We must bring down energy bills for companies and households,” she said in a document setting out her policy priorities to 2029.

Most of the increase was at Europe's most liquid gas hub, the Dutch TTF, which averaged 214.82 TWh/day in the first half. This was up 59% on the 152.36 TWh/day average seen in the first half of 2023, Acer said in its latest gas market monitoring report.

The longer term goal should be to end such imports and avoid becoming dependent on them again, as they helped finance Russia's war on Ukraine and had potential to foster divisions within the EU, said memo authors Simone Tagliapietra and Georg Zachmann.

“Active customers must be able to offer demand-side flexibility, either directly or through aggregation services,” to help grids cope with the bloc's planned large-scale integration of intermittent wind and solar, said Acer in its proposed draft EU demand side network code.

US LNG filled much of the gap after pipeline supplies from Russia plummeted after the war in Ukraine started, and the EU has a goal to wean itself off all Russian gas imports by 2027.