EPEX SPOT

EPEX

The European Power Exchange EPEX SPOT operates physical electricity markets for the largest trading community in Europe, with over 400 companies connected to our platforms.

Lobbying Activity

Meeting with Mechthild Woersdoerfer (Deputy Director-General Energy) and

12 Jan 2026 · Courtesy visit and CACM

Response to Revision of the EU’s energy security framework

13 Oct 2025

We welcome the Commissions proposal for Smart streamlining that would look at what existing provisions could be deleted or combined to ensure streamlined implementation. It would also assess streamlining options between the existing energy security framework, and horizontal legislation on cybersecurity, critical entities resilience and resilient supply chains. We would caution against an EU-driven action that seeks to establish centralised management, governance, and monitoring of the energy security framework at the European level. Security remains a core national competence and should continue to be addressed primarily within national policy frameworks. A centralised model risks inefficiencies, particularly given the diverse national and regional specificities of spot power markets. The European electricity market functions effectively through structured cooperation between Member States and is based on joint market operations performed by the NEMOs. This model ensures both the efficiency and robustness of operations and processes.
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Response to Interservice consultation on the electricity market design reform - REMIT

11 May 2023

Dear Representatives of the European Commission Dear Representatives of the DG Energy EPEX SPOT has been a supporter of a centrally coordinated European market surveillance system since its early inception and continue to deeply value REMITs contribution to the transparency and integrity of European wholesale markets in electricity and gas. Given the lessons learnt from more than ten years of implementation, the evolution of the REMIT ecosystem and the energy markets themselves, we would welcome a targeted update of the Regulation on wholesale energy market integrity and transparency. REMIT is a complex legislative framework which has been refined over the years through comprehensive and continuously updated ACER guidance. It has relied heavily on close cooperation with stakeholders and has grown into a highly specialised ecosystem. This complex system covers both spot markets, which are primarily used for the physical delivery of gas and power and the balancing of the grid, as well as certain financial instruments (i.e., gas and power derivatives), which are used by market participants to protect themselves against price fluctuations. While the Commission proposal in part aims to build on these improvements, we would like to call attention to several amendments which are inconsistent, reach far beyond the intended scope of REMIT or create unnecessary hurdles to trading on European wholesale energy markets. We remain at your disposal to further discuss our suggested improvements to the submitted proposals. Best regards Davide Orifici Director Public and Regulatory Affairs EPEX SPOT SE
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Response to Revision of the EU’s electricity market design

11 May 2023

Dear Representative of the European Commission, Dear Representative of DG Energy, EPEX SPOT welcomes the fact that the European Union Commissions (EC) proposal of a Regulation of the European Parliament and of the Council amending Regulations (EU) 2019/943 and (EU) 2019/942 as well as Directives (EU) 2018/2001 and (EU) 2019/944 to improve the Unions electricity market design (EMD package) generally builds on the achievements of 25 years of successful electricity market integration, preserving the fundamentals of well-functioning short- and long-term markets, further incentivising the deployment of flexibility and improving consumers rights and engagement. Furthermore, Recital 7 of ECs proposal indicates that short-term markets and the pricing mechanism based on marginal pricing should be preserved, as they function well and provide the right price signals. Short-term (day-ahead and intraday) markets are well-developed, and they result from years of implementation of EU energy legislation. These statements are highly appreciated as they should help to shift the focus to the potential fields for improvement of the overall design. However, we are concerned that some amendments might seriously alter parts of the existing short-term markets with probable negative consequences on the well-functioning of SDAC and SIDC and could be detrimental to market efficiency and its ability to incentivise decarbonisation at least cost. EPEX SPOT would like to encourage lawmakers to carefully assess these proposals to ensure that the EMD package is not perceived as a drawback to the functioning of short-term markets, the liquidity of long-term markets and the deployment of flexibility assets. While we understand that European institutions and lawmakers aim at a quick reaction to provide additional security for the next winter 2023/24 and heating season, we also would like to highlight the fact that the proposal includes several components that will have a considerable and long-term effect on European energy markets. We generally advocate to consider descoping such components and to allow for a more refined discussion, analysis and impact assessment whenever possible. Please find attached further elements of our feedback in the attached file. Best regards Davide Orifici Director Public and Regulatory Affairs EPEX SPOT
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Meeting with Dominique Ristori (Director-General Energy) and TenneT Holding B.V. and APX Holding B.V.

12 Jan 2015 · Power spot markets