Associations of regulators representing emerging economies met in Budapest on 11 July in the 5th High-Level Meeting of Regional Associations of Emerging Markets, an annual meeting organised this year by the Energy Regulators Regional Association (ERRA). The meeting was attended by seven associations, including the EU-funded Mediterranean Energy Regulators’ Association (MEDREG).
The meeting agreed on the final version of a Framework Document, to be officially signed in March 2018, and also enabled participating regional Associations to update their peers on latest regulatory developments and priority areas and to debate on the challenges associated to their new competences and characteristics.
The draft cooperation framework encourages and facilitates the sharing of parties’ specific areas of expertise and experience by unlocking and capitalising on their respective complementarities, with a view to improving the attractiveness and stability of market conditions for energy investments, establishing stronger consumer protection measures and promoting universal access to sustainable energy.
MEDREG has been a strong promoter of this cooperation framework document from the beginning, and its president encouraged participants at the meeting to deepen coordination and cooperation among the networks of regulators of emerging markets.
In addition to the discussion on the cooperation agreement, the seven Associations updated their peers on their latest regulatory developments and priority areas before debating the challenges associated to their new competences and characteristics.
MEDREG, which benefits from the European Union’s financial support, brings together 25 regulators from 21 countries, spanning the European Union (EU), the Balkans and North Africa. Mediterranean regulators work together to promote greater harmonisation of the regional energy markets and legislations, seeking progressive market integration in the Euro-Mediterranean basin. Through constant cooperation and information exchange among members, MEDREG aims at fostering consumer rights, energy efficiency, infrastructure investment and development, based on secure, safe, cost-effective and environmentally sustainable energy systems.
Agenda and presentations of meeting