Monthly Archive for July, 2011

BDEW: MiFID Reform May Lead to Applicability of Capital Requirements Directive for Energy Traders

This week, the European Commission proposed to tighten the Capital Requirements Directives (CRD). The Federal Association of the Energy and Water Industry (BDEW) warned that energy traders might be affected in the future, as a planned reform of the Markets in Financial Instruments Directive (MiFID) might make energy trading companies financial services providers that are subject to supervision.

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BNetzA Consultation on Grid Expansion Scenarios

Shortly after the German Parliament and the Federal Council adopted an Energy Legislative Package which contains a Grid Expansion Acceleration Act (NABEG), the Federal Network Agency presented three scenarios for future grid expansion for consultation. The scenarios were drafted by the transmission system operators and shall serve as a basis for determining the need for grid expansion.

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BNetzA: New EEX Gas Reference Prices to Determine Compensation Energy Prices

The 7th ruling chamber of the Federal Network Agency (BNetzA) responsible for the gas sector issued a new communication allowing the use of EEX reference prices for  determining the prices for compensation energy Continue reading ‘BNetzA: New EEX Gas Reference Prices to Determine Compensation Energy Prices’

EnBW to Take Legal Action Against Nuclear Fuel Rod Tax

After changing nuclear fuel rods in the course of an inspection in unit 2 of its Philipsburg nuclear power plant, EnBW AG filed a tax return pursuant to the Nuclear Fuel Rod Tax Act. At the same time EnBW announced to take legal action against the tax assessment.

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RWE AG Sells 74.9% Stake in Transmission System Operator Amprion

RWE AG has reached agreement on the sale of a 74.9 % stake in its transmission systems operator Amprion GmbH to a consortium of financial investors, RWE announced in a press release yesterday.

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REN21 Report: Germany 2nd in New Renewable Capacity Added in 2010

The Renewable Global Status Report 2011 published by the renewable energy policy network REN21 confirms the ongoing worldwide trend towards renewable energy sources and highlights Germany’s top position as one of the most active proponents of renewable energy.

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Joint BNetzA and EPEX Spot Conference on Exchange Trading of EEG Electricity

At a conference under the motto “Eighteen months of power from renewables on the exchange”, 300 experts discussed the experience gained and the perspectives of the marketing of electricity falling under the German Renewable Energy Act (EEG). The conference was jointly organised by the German regulator Federal Network Agency (BNetzA) and European Power Exchange, EPEX SPOT SE.

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NRW Enacts New Wind Power Decree

Shortly after the presentation of the draft NRW Climate Protection Act, the Climate Protection Minister of the state of North Rhine Westphalia (NRW), Johannes Remmel, enacted the state’s new wind power decree as a first element of the new climate protection strategy.

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Bundesrat Clears Amendment of Greenhouse Gas Emission Trading Act

The Bundesrat cleared a bill containing mainly an amendment of the Greenhouse Gas Emission Trading Act (TEHG) transposing two European emission trading related directives. Despite recommendations of two of its experts committees, the Bundesrat decided not the invoke the Mediation Committee procedure.

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Bundesrat Approves Most of Nuclear Power Exit Energy Package

The nuclear phase-out until 2022, which the government proposed in the wake of the Fukushima nuclear accident, and the accelerated transition into an age of renewable energy supply can almost go ahead as planned. The Bundesrat (Federal Council)  followed the Bundestag’s (Federal Parliament’s) vote of 1 July 2011 and approved the energy legislative package in its last session before the summer break. However, the Energy-Efficient Renovations of Residential Buildings Act was rejected.

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