The HVDC grid projects seem to have what it takes to become a so-called ‘Project of Common Interest’. This implies that they can get a preferential regulatory treatment thanks to the brand new EU Regulation for Energy Infrastructure that has been adopted last year to speed up projects that are of strategic importance for Europe. In this presentation I give an overview of the new set of regulatory tools that the Energy Infrastructure Package provides, their status of implementation, and what is next.

1. ©
Vlerick
Business
School

2. ENERGY
INFRASTRUCTURE
PACKAGE:
WHAT
IS
IN
IT
FOR
HVDC
GRIDS?
CIGRE
CONFERENCE,
MARCH
14,
BRUSSELS
Leonardo
Meeus
Associate
Professor,
Vlerick
Business
School

3. ©
Vlerick
Business
School
PROJECTS
OF
COMMON
INTEREST
(PCI)
3

4. ©
Vlerick
Business
School
OUTLINE
§ New
regulatory
tools
for
PCIs
§ Status
of
implementaCon
§ Next
steps
4
• 2011/0300
(COD):
RegulaCon
on
guidelines
for
trans-­‐European
energy
infrastructure
à
No
347/2013
(April)
• 2011/0302
(COD):
RegulaCon
establishing
the
ConnecCng
Europe
Facility
Energy
Infrastructure
Package

5. ©
Vlerick
Business
School
NEW
REG.
TOOLS
(TO
SELECT
PROJECTS)
§ Common
CBA
method
§ SelecCon
process
(every
2
years)
§ Promoters
propose
§ Regional
Groups
(MS
+
EC)
rank
§ European
Commission
adopts
a
list
§ First
PCI
list
§ EC:
“One
grid-­‐read
off-­‐shore
hub
involving
anCcipatory
investments
as
a
forerunner
for
the
future
integrated
off-­‐shore
grid”
5

6. ©
Vlerick
Business
School
NEW
REG.
TOOLS
(TO
ACCELERATE
PROJECTS)
§ Permit
granCng
§ One
stop
shop
§ Procedure
with
deadlines
§ Cross-­‐Border
Cost
AllocaCon
(CBCA)
§ Procedure
with
deadlines
§ ACER
decision
power
§ TSO
incenCves
§ PublicaCon
best
pracCces
MS/ACER
§ EC
Guidelines
§ Tendering
procedure
6

7. ©
Vlerick
Business
School
NEW
REG.
TOOLS
(TO
COORDINATE
PROJECTS)
§ Enhanced
TYNDP
§ CBA
method
§ Including
all
PCI
candidates
(also
third
party
projects)
§ Regional
Groups
(electricity)
§ Northern
Sea
offshore
grid
§ North-­‐South
interconnecCons
in
Western
Europe
§ North-­‐South
interconnecCons
in
Central
Eastern
and
South
Eastern
Europe
§ BalCc
InterconnecCon
Plan
7

8. ©
Vlerick
Business
School
NEW
REG.
TOOLS
(TO
FINANCE
PROJECTS)
§ More
EU
funding
§ TEN-­‐E:
Energy
€20M
per
year
§ CEF:
Energy
EUR
€406.3M
in
2014
§ InnovaCve
financial
instruments
§ TEN-­‐E:
grants
§ CEF:
EIB
project
bonds,
and
risk
capital,
and
grants
as
last
resort
8

9. ©
Vlerick
Business
School
STATUS
OF
IMPLEMENTATION
(CBA)
9

10. ©
Vlerick
Business
School
STATUS
OF
IMPLEMENTATION
(CBCA)
10

11. ©
Vlerick
Business
School
NEXT
STEPS
§ Guidelines
for
TSO
incenCves
§ CBCA
agreements
for
first
PCI
list
(first
ACER
decisions?)
§ Final
adopCon
CBA
method
and
use
of
the
method
in
2nd
PCI
list
and
3rd
TYNDP
in
2016
§ ArCcle
17
on
ReporCng
and
evaluaCon!
à
2nd
EIP
package
by
2017?
11

12. THANK
YOU!
12
leonardo.meeus@vlerick.com
LeonardoMeeus