natgillin/translations-raw huggingface dataset:
In the Opening Decision, the Commission had identified a risk that suppliers might overestimate demand, particularly if suppliers' individual capacity obligations were not sufficiently clear.
tveganju kopičenja zmogljivosti;
It is clear from the Commission's observations in recitals 245 to 247 that the French authorities have put in place measures to help suppliers better calculate their capacity obligations.
tveganju kopičenja potrdil o zagotovljenih zmogljivostih; in
This remedy effectively addresses the objections raised by the Commission in its Opening Decision.
tveganju cenovnih škarij.
In the initial version of the capacity mechanism, the various participants had little overview of the over-the-counter transactions, as they relied on the CRE publishing, at regular intervals, data on the volume of capacity guarantee trading and the average transaction prices.
Francija za čim učinkovitejšo preprečitev tveganja kopičenja zmogljivosti predlaga tri vrste sprememb mehanizma, in sicer da se:
Furthermore, in order to prevent abuses and a lack of transparency, the authorities had required vertically integrated operators to hold separate accounts in the capacity guarantee register (one account for capacity operators and one for suppliers).
operaterjem zmogljivosti naloži, da svoje razpoložljive zmogljivosti certificirajo v okviru razpona dovoljenih odstopanj za certifikacijo, opredeljenega glede na pretekle referenčne vrednosti;
In the light of the Commission's concerns regarding the lack of transparency of commercial agreements in the mechanism, France proposed remedies to improve the visibility of all trades and for all operators.
ob večjih dogodkih naložijo obveznosti ponovnega uravnoteženja v kratkem roku, določenem s predpisi (na primer: začasna zaustavitev obratovanja, dokončno zaprtje, okvara, ki povzroči dolgotrajno zmanjšanje razpoložljivosti itd.) in se določi plačljivost vsakega skupnega ponovnega uravnoteženja, s katerim se preseže določen prag (največ 1 GW) pred letom dobave; ter
Firstly, the French authorities proposed to grant all operators access to the register of (anonymised) over-the-counter transactions, thereby providing visibility on volumes and prices, while ensuring the anonymity of operators (see recital 163).
spremembo mehanizma izravnave odstopanj: spodbujevalni koeficient „k“ bo podvojen in se bo še dodatno povečal za negativna neravnotežja, ki bodo presegla najvišji prag 1 GW, še manj ugoden pa bo za pozitivna neravnotežja, ki bodo prav tako presegla najvišji prag 1 GW.
Secondly, they proposed to bolster the organised auctions by increasing the number of auctions held in the four years preceding the first delivery year to 15 and by obliging certain capacity operators (CPMs > 3 GW) to offer their certificates on the market in accordance with a specific formula (see recitals 164 and 165).
Poleg tega se bo cena Padmin postopoma zviševala z 20000 EUR/MW leta 2017 na 40000 EUR/MW leta 2018 in 2019 ter na 60000 EUR/MW leta 2020, nazadnje pa se bo letno posodabljala, da bi se uskladila z vrednostjo CONE.
The approach proposed by the French authorities gives suppliers a certain amount of flexibility by allowing over-the-counter trades and at the same time guaranteeing a certain level of transparency for these trades.
Prva rešitev zagotavlja, da operaterji zmogljivosti z velikim portfeljem zmogljivosti v okviru razpona dovoljenih odstopanj za certifikacijo ne bodo mogli izvajati tržnih manipulacij.
Free access to the (anonymised) register of transactions guarantees the transparency of the over-the-counter market and ensures that the incumbent operator — who will be the main seller — and its competitors have access to the same information.
Poleg tega regulativnim organom omogoča lažje odkrivanje sumljivih ravnanj v primerjavi z obstoječim okvirom.
The proposed approach also enables market operators to take into account the prices achieved on the over-the-counter market when formulating their bids on the spot market and therefore ensures greater consistency between these two markets.
Druga rešitev mora okrepiti spodbude za udeležence na trgu, da v okviru razpona dovoljenih odstopanj za certifikacijo bolje ocenijo raven razpoložljivosti svojih obratov.
In this regard, the proposed approach also reinforces control by the regulator, as any attempt by an operator to manipulate prices would be immediately obvious if the operator's behaviour on the organised market were radically different from its behaviour on the over-the-counter market.
Kar zadeva ukrep, s katerim večja ponovna uravnoteženja pred LD postanejo plačljiva, so francoski organi predlagali, da ta ukrep postane nesomeren in da se plačljiva ponovna uravnoteženja za povečanje obsega certifikacije uporabljajo le za udeležence, ki so izvedli večji obseg ponovnih uravnoteženj.
Furthermore, bolstering the organised auctions should guarantee a sufficient level of liquidity for these auctions and consequently make the market reference price more representative (the capacity price used by the majority of suppliers for their sales and also as a reference value for the imbalance settlement mechanism).
Razlog je ta, da bi lahko uporaba tega ukrepa za vse udeležence ovirala konkurenco, ker bi dejansko veliko bolj omejevala udeležence z manjšim obsegom zmogljivosti glede na prevladujočega operaterja, ki bi lahko umetno povečal svoja odstopanja.
This remedy therefore prevents the risk of capacity guarantees being withheld by the largest capacity operators for financial reasons, encourages market transparency, improves the liquidity of the organised market and facilitates market surveillance by the regulator.
Uvedba takšnega praga (katerega višino je treba določiti, vendar ta ne sme presegati 1 GW) torej omogoča (i) ohranjanje prožnosti sedanjega sistema za večino udeležencev, hkrati pa (ii) odpravo možnosti udeležencev, ki imajo velik portfelj zmogljivosti, da izvajajo tržne manipulacije z izvajanjem določenega števila „manjših“ ponovnih uravnoteženj.
The introduction of a ‘double restriction’ for the years DY-3, DY-2 and DY-1 addresses the risk of market manipulation by integrated market operators, who could artificially reduce their number of unsold certificates by internal transfers.
Tretja rešitev bo okrepila spodbude vsem udeležencem na trgu, da trgujejo s svojimi certifikati na trgu zmogljivosti, prispevajo k oblikovanju referenčne tržne cene, ki dejansko izraža vrednost zmogljivosti, in ne morejo izbirati med nakupom na trgu in nabavo pri viru v okviru izravnave odstopanj.
By including a restriction on the level of certified capacity, the French authorities are ensuring that integrated market operators will be obliged to guarantee a certain amount of liquidity on the organised spot market, even if they carry out internal transfers.
Komisija meni, da vse navedene rešitve omogočajo, da se tveganje kopičenja zmogljivosti, čeprav ga ni mogoče v celoti izključiti, vsaj čim bolj zmanjša.
Choosing to set the restriction on certified capacity at 25 % ensures that integrated market operators, and particularly the dominant operator, will offer all or some of their certificates on the organised spot market and will not be able to circumvent this requirement by carrying out internal transfers.
Ni treba posebej poudarjati, da nadzor francoskih regulativnih organov nad trgom dopolnjuje navedene spodbude, vključene v mehanizem.
This remedy is therefore akin to a market-making solution.
Francoski organi so se za preprečitev tveganja kopičenja potrdil zavezali, da bodo povečali število dražb, organiziranih pred letom dobave, in operaterjem zmogljivosti naložili, naj v vsakem organiziranem krogu dražb ponudijo določen najmanjši obseg potrdil.
Applying an upper limit (in GW) to the requirement to offer a certain volume of capacity guarantees in the organised auctions will ensure that the largest market operators, and especially the incumbent operator, will take on the role of ‘market maker’ in the mechanism, thereby guaranteeing the liquidity of the auctions at all times.
Te rešitve se pridružujejo rešitvam, ki se že izvajajo in med katerimi je možnost, da dobavitelji prejmejo potrdila o zagotovljenih zmogljivostih z nakupom proizvoda ARENH.
By guaranteeing market liquidity, the French authorities have addressed the objection raised by the Commission in recital 200 of the Opening Decision.
V zvezi s tem so francoski organi predlagali, da preučijo možnost za dodaten pritok državnih sredstev za financiranje proizvoda ARENH v povezavi z zmogljivostmi, za preprečitev tega, da bi ta proizvod oviral svobodno oblikovanje cen na trgu zmogljivosti.
More generally, the French authorities' remedies have addressed the Commission's concerns regarding the mechanism's lack of transparency on pricing, as set out in the Opening Decision.
Ta rešitev je delni odgovor na predloge za spremembo ARENH, ki so jih navedle nekatere zainteresirane strani in ki so povzeti v točki 182(2) obrazložitve tega sklepa.
In the Opening Decision, the Commission took the view that the risk of excluding certain operators from the mechanism, such as certain demand-side response capacities (due to possible discrimination against them), foreign capacities and new generation capacities, could lead to a risk that those operators able to participate in the mechanism would be over-compensated, given the lower level of competitive pressure.
Vse navedene rešitve francoskih organov bi morale prispevati k temu, da se čim bolj zmanjšata možnost in interes velikih operaterjev zmogljivosti, zlasti prvotnega operaterja, za kopičenje potrdil o zagotovljenih zmogljivostih.
As explained in Sections 5.3.2.1, 5.3.2.2 and 5.3.2.3 respectively, the French authorities have undertaken to implement appropriate measures so as to ensure that the operators mentioned above can participate in the mechanism.
Poleg tega bi bila tako zagotovljena likvidnost na dražbah teh potrdil.
This will ensure competition inside the mechanism and should lead to a capacity price that does not overcompensate.
Komisija zato meni, da vse navedene zaveze ponujajo rešitev, ki je ustrezen odgovor na vprašanja likvidnosti, ki jih je postavila v sklepu o začetku postopka.
In order to comply with the EEAG, the proposed mechanisms relating to the participation of cross-border capacities and the multiannual contracts with new generation capacities must be proportionate.
Komisija je v točki 194 obrazložitve sklepa o začetku postopka poudarila tveganje, da bi prišlo do navzkrižnega subvencioniranja med proizvodno in tržno panogo prvotnega operaterja (to je do prodaje potrdil o zagotovljenih zmogljivostih konkurentom po višji ceni od notranje prodajne cene, ki se uporablja med njegovo proizvodno in tržno panogo, posledica česar je izključitev konkurentov iz trga dobave električne energije).
The mechanism for including cross-border capacities is described in recitals 119 to 124 of this Decision.
Francoski organi bodo za lažje odkrivanje takšnih ravnanj in njihovo odpravo po eni strani odpravili vrzel v obstoječi zakonodaji, ki omogoča brezplačen prenos potrdil.
Once foreign capacities have obtained interconnector tickets, they will participate directly in the French capacity guarantee market.
Po tej zakonodajni spremembi dobavitelji ne bodo več mogli brez stroškov prenašati potrdil o zagotovljenih zmogljivostih med svojo proizvodno in tržno panogo.
Since this market is deemed not to lead to overcompensation, the same will be true of the sale of guarantees by foreign capacities.
Z zakonodajo bo treba določiti, da povezani udeleženec te notranje prenose izvede po ceni, ki izraža cene, izhajajoče iz krogov dražb na organiziranem trgu.
Under the mechanism put in place to allow participation by foreign capacities, some remuneration may also flow to interconnectors from the sale of interconnector tickets.
Če torej cena, izhajajoča iz kroga (ali krogov) dražb na organiziranem trgu, na datum notranjega prenosa ni znana, bodo lahko povezani udeleženci razglasili ceno, indeksirano glede na ceno, izhajajočo iz krogov dražb na organiziranem trgu.
Since the participation in these auctions is likely to be very high (all demand-side response and electricity generation capacity in the interconnected neighbouring Member State can participate), particularly bearing in mind the number of tickets that can be expected to be auctioned, one can take the view that these auctions will not lead to any overcompensation.
Povezani udeleženec bo na primer lahko izjavil, da je notranji prenos enak referenčni tržni ceni, preden bo komisija za regulacijo energije uradno določila njeno vrednost.
As a result, the mechanism is proportionate.
Po drugi strani bodo lahko udeleženci na trgu v celoti dostopali do registra transakcij, povezanih s potrdili o zagotovljenih zmogljivostih.
The mechanism proposed by the French authorities to allow new capacities to participate in the French capacity market is described in recitals 131 to 138 of this Decision.
Na trgu bo tako mogoč nadzor nad prenosi, izvedenimi na prostem trgu, saj bodo ti (anonimni) prenosi javni.
As regards the proportionality of the mechanism, the Commission believes that the mechanism excludes the possibility that new capacities will be overcompensated.
Kot je bilo pojasnjeno v točki 263 obrazložitve, ta ukrep s tem zagotavlja preglednost prostega trga.
Specifically, bids made by new capacities will in any case have to be lower than the initial reference price, which is itself an average price resulting from different competitive processes (it is proposed that the price be calculated as the weighted average of the capacity prices resulting from the auction held in DY-4 and from the ongoing DY-2 and DY-1 auctions).
Francoski organi so tako odgovorili na očitke Komisije v zvezi s tveganji cenovnih škarij, ki bi jih lahko izvajal prvotni operater.
The fact that the new capacity providers will not know the initial reference price when making their bids should ensure that these bids are as low as possible in order to be competitive.
Sklepna ugotovitev o sorazmernosti ukrepa
Given that the participants will not know whether other bids for new capacities have already been submitted when they place their own bids, the volume restrictions on new capacities will therefore encourage bidders to offer the lowest possible price for their investments.
Komisija ob upoštevanju različnih rešitev, ki jih je predlagala Francija, meni, da je spremenjeni mehanizem sorazmeren s svojim ciljem.
For these reasons, the Commission takes the view that there should be no risk of overcompensation in relation to new investments.
Francoski organi so se za odpravo težav, kakršne je ugotovila Komisija v sklepu o začetku postopka pri vključevanju novih proizvodnih zmogljivosti v mehanizem, zavezali, da bodo mehanizem popravili s tema ukrepoma:
As a result, the mechanism is proportionate.
z uvedbo večletnega sistema posebnih pogodb za razliko za nove proizvodne zmogljivosti, kakor je opisano v točkah 131 do 138 obrazložitve, in
As explained in recital 64, point (4), underlying the Commission's concern that EDF could easily manipulate capacity prices in its favour were three of the mechanism's more specific risks (some of which could apply to all the operators in the market):
kakor je bilo opisano v točkah 146 do 148 obrazložitve, s postopnim zviševanjem regulirane cene, da bi se ta nazadnje izenačila s CONE.
risk of capacity withholding;
Z navedenima rešitvama bo mogoče odpraviti oviran dostop za nove proizvodne zmogljivosti.
risk of capacity guarantee withholding; and
Kakor je bilo pojasnjeno v točki 237 obrazložitve, Komisija meni, da je Francija našla ustrezno ravnotežje med različnimi obveznostmi glede zmogljivosti za izravnavo, ne da bi pri tem omejila njihovo vključenost v mehanizem.
risk of a price squeeze.
Čeprav navedeni vrsti izravnave nista enakovredno vključeni v mehanizem, Komisija meni, da je to razlikovanje potrebno za čim boljšo vključenost obeh vrst zmogljivosti za izravnavo.
France has proposed three categories of changes to the mechanism to prevent the risk of capacity withholding as far as possible:
Kakor je bilo navedeno v točkah 119 do 125 obrazložitve, so francoski organi v odgovoru na pomisleke Komisije in tretjih strani predlagali hibridni model, v katerem se dodelijo dovoljenja za povezovanje prek daljnovodov, ki naj bi nazadnje omogočila vključitev tujih proizvodnih zmogljivosti.
require capacity operators to certify their available capacity within a range delineated by the historic reference values;
Kot je bilo pojasnjeno v točki 239 obrazložitve, so francoski organi predlagali mehanizem, ki omogoča eksplicitno vključitev čezmejnih zmogljivosti v mehanizem.
impose rebalancing obligations within a short time frame, as set out in the rules, when significant events occur (e.g. mothballing, decommissioning or damage leading to reduced availability for a long period) and charge for any cumulative rebalancing exceeding a certain limit (maximum 1 GW) before the delivery year; and
Ta očitek Komisije je bil tako odpravljen.
modify the imbalance settlement mechanism: the ‘k’ incentive coefficient will be doubled and will be further increased for negative imbalances exceeding a maximum threshold of 1 GW/will be even less rewarding for positive imbalances also exceeding a maximum threshold of 1 GW.
Rešitev za eksplicitno vključitev čezmejnih zmogljivosti, za katero se je odločila Francija, poleg tega omogoča plačevanje nadomestila za povezovalne daljnovode, če je to proizvodno sredstvo redko.
Furthermore, the administered price will be gradually increased, from EUR 20000/MW in 2017 to EUR 40000/MW in 2018 and 2019, reaching EUR 60000/MW in 2020 and will eventually be updated annually to bring it in line with the CONE.
Izbrana rešitev je torej odgovor na tveganje, da bi bilo ovirano spajanje trgov, katerega obstoj je ugotovila Komisija v točki 206 obrazložitve sklepa o začetku postopka [35].
The first remedy ensures that capacity operators with a large capacity portfolio will not be in a position to manipulate the market within the certification range.
Kakor je bilo pojasnjeno v točkah 245 do 247 obrazložitve in v oddelku 5.3.4.1, je Komisija ugotovila tveganje, da bi lahko alternativni dobavitelji, zlasti novi udeleženci, imeli težave pri oceni svojih posamičnih obveznosti glede zmogljivosti.
Moreover, this remedy makes it easier for the regulatory authorities to identify any suspicious behaviour in relation to the existing framework.
Iz ugotovitev Komisije v navedenih točkah obrazložitve izhaja, da so francoski organi predvideli ustrezne ukrepe za pomoč dobaviteljem pri boljšem izračunu njihovih obveznosti glede zmogljivosti.
The second remedy should bolster the incentives for market operators to provide the best estimate of the availability of their facilities within the certification range.
Poleg tega so imeli v prvotni različici mehanizma zmogljivosti različni udeleženci slab pregled nad transakcijami, izvedenimi na prostem trgu, zato niso imeli celotnega pregleda nad ceno zmogljivosti.
As regards the measure requiring payment for significant rebalancing prior to the DY, the French authorities have proposed to make this measure asymmetrical and require payment for the rebalancing of certification levels only from market operators that have carried out a significant amount of rebalancing.
Francija je predlagala rešitve za izboljšanje preglednosti celotnega trgovanja za vse udeležence, kakor je bilo opisano v oddelku 5.3.4.2.
The reasoning behind this is that applying this measure to all market operators could hinder competition as it would, in practice, be much more restrictive for operators with a low capacity volume compared with the dominant operator, which would be able to accumulate imbalances.
Ti ukrepi vključujejo zagotovitev dostopa vseh udeležencev do registra transakcij, izvedenih na prostem trgu (katerih anonimnost je zagotovljena), in okrepitev organiziranih dražb.
The introduction of a payment threshold (still to be determined, but maximum 1 GW) will therefore make it possible to (i) maintain the flexibility of the current set-up for the majority of market operators; while at the same time (ii) making it impossible for market operators with a large capacity portfolio to manipulate the market by rebalancing lots of ‘small’ amounts.
Z vsemi navedenimi rešitvami bodo poleg prvotnega operaterja imeli tudi drugi udeleženci boljši pregled po eni strani nad svojimi obveznostmi glede zmogljivosti in po drugi strani nad obsegom trgovanja in tržnimi cenami.
The third remedy will bolster the incentives for all market operators to trade their certificates on the capacity market, contribute to the establishment of a market reference price that actually reflects the value of capacity, and prevent arbitrage between using the market and direct sourcing when settling imbalances.
S temi ukrepi se je močno izboljšala preglednost mehanizma, uravnotežila pa se je tudi asimetrija informacij v korist prvotnega operaterja, ki bo v razmerju do operaterjev zmogljivosti pa tudi dobaviteljev največji udeleženec v okviru mehanizma.
The Commission takes the view that this set of remedies reduces the risk of capacity withholding as far as possible, although such a risk cannot be ruled out entirely.
Prednost, zagotovljena nizkoogljičnim proizvajalcem
Naturally, supervision of the market by the French regulatory authorities complements the incentives built into the mechanism.
Komisija ugotavlja, da francoski organi za nove zmogljivosti nameravajo uvesti okoljska merila, ki bodo zagotovila prednost nizkoogljičnim proizvajalcem (glej točko 137 obrazložitve).
To prevent the risk of guarantees being withheld, the French authorities have undertaken to increase the number of auctions held before the delivery year and to require capacity operators to offer a minimum guarantee volume at each of the auctions held.
Navedene določbe upoštevajo Smernice [36], v katerih je pri teh ukrepih poudarjeno, da morajo v primeru enakovrednih tehničnih in gospodarskih parametrov dajati prednost nizkoogljičnim proizvajalcem.
These remedies are in addition to the remedies already in place, such as the option for suppliers to obtain capacity guarantees by purchasing the ARENH product.
Sklepna ugotovitev o morebitnem izkrivljanju konkurence in trgovine znotraj Unije
In this regard, the authorities have proposed to examine, when assessing the functioning of the market in the future, whether it is appropriate to ‘unbundle’ the capacity part of the ARENH product to ensure that this product does not distort the free price formation on the capacity market.
Iz navedenih razlogov Komisija ugotavlja, da navedeni mehanizem ne bo več neupravičeno izkrivljal konkurence in/ali trgovine znotraj Unije.
This remedy partially addresses the revisions to the ARENH suggested by certain interested parties, set out in recital 182 of this Decision.
Časovna omejenost
This set of remedies proposed by the French authorities should help keep to a minimum the ability of large capacity operators, and especially the incumbent, to withhold capacity guarantees and the advantage for them of so doing.
Ker je francoski mehanizem prvi decentralizirani mehanizem zmogljivosti, ki ga je v okviru Smernic odobrila Komisija, in ker je potrebnost mehanizma zelo odvisna od razvoja energetskega trga, ki se z vidika liberalizacije trga še razvija, Komisija meni, da je treba odobritev navedenega mehanizma časovno omejiti.
This would also ensure the liquidity of auctions.
Komisija meni, da je desetletno trajanje razumno in skladno s predhodnimi odločitvami [37].
The Commission therefore takes the view that these commitments constitute a set of remedies that are proportionate to the liquidity concerns raised by the Commission in the Opening Decision.
SKLEPNE UGOTOVITVE
In recital 194 of the Opening Decision, the Commission had pointed out the risk that cross-subsidisation might occur between the incumbent operator's production and retail arms (i.e. the selling of capacity guarantees to competitors at a higher price than the price of internal transfers of the guarantees between its production and retail arms, thereby excluding its competitors from the electricity supply market).
Komisija ugotavlja, da je Francoska republika nezakonito vzpostavila trg zmogljivosti v Franciji, s čimer je kršila člen 108(3) PDEU.