The EMIR 3.0 proposal is a cornerstone of security of supply
- Open, robust, liquid and transparent EU energy markets are key to ensuring a secure, sustainable, affordable and competitive energy supply to end consumers.
- The EMIR 3.0 proposal supports the energy market participants’ efforts to achieve these aims and helps them to manage the challenges of the current energy crisis, whilst safeguarding transparent and safe financial markets.
- Furthermore, EMIR 3.0 is well-suited for facilitating the European energy transition and achieving the climate targets of the European Green Deal.
The signing European and national associations of the Joint Energy Associations’ Group – “JEAG” (Bdew, EFET, EnergyUK, eurelectric, Eurogas, IOGP, VKU), support the EU Commission’s proposal to amend the Regulation (EU) No 648/2012 (“EMIR 3.0”), as part of the larger EU’s Capital Markets Union (CMU) package adopted on 7 December 2022.
The EMIR 3.0 proposal supports the energy market participants’ efforts to achieve the aims of the EU internal energy market and helps them to manage the challenges of the current energy crisis, whilst safeguarding transparent and safe financial markets.
The main aim of the EU internal energy market is to guarantee open, robust, liquid and transparent EU energy markets to ensure a secure, sustainable, affordable and competitive energy supply to end consumers. The energy market participants such as power and gas producers, suppliers and energy trading firms are expected to deliver on these goals