EU gas security, the EU publishes new guidelines for its 28 Member States

The new guidelines focus on technical, legal and financial arrangements of the solidarity mechanism

20180207_2.jpgThe EU Official Journal published on Tuesday a recommendation from the European Commission setting out new guidelines for the application of the solidarity mechanism under Regulation (EU) 2017/1938 on the security of gas supply, which entered into force in November last year.
In its recommendation, the Commission identifies a broad range of options, leaving it up to the Member States to choose the most adequate solutions for individual cases.
According to the Commission, all directly connected Member States should conclude bilateral arrangements on applying the solidarity mechanism in advance. If there is more than one Member State that can provide solidarity, the requesting Member State must consult all of them and request offers for the gas volumes it needs to supply the solidarity-protected customers.
As regards the calculation of gas volumes for solidarity purposes, the recommendation identifies a system that should take into consideration at least the following elements: the solidarity-protected customers concerned, the critical gas-fired power plants concerned (and their associated gas volumes), and domestic gas production.
In terms of financial arrangements, they should “ensure that gas supplied under the solidarity mechanism is paid for at an appropriate price” possibly through the use of “solutions based on market logic.” The recommendation highlights that the price of gas may include compensation to cover for transport and associated costs.

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07 February 2018 - 15:32 CET