EU helps Israel electricity regulator prepare to open its wholesale electricity market to competition
May 20, 2019
The Israeli Electricity Authority (PUA) got trained in a two-day course facilitated by MEDREG, the Association of Mediterranean Energy Regulators, in Jerusalem on 14 and 15 May, with the aim to enhance their understanding of the electricity market framework in Europe that can provide guidance on how to address the market reform currently taking place in Israel.
More specifically, the Israeli participants learnt about how wholesale electricity markets evolve over time and how to coordinate them with regulated segments. The training also provided hints on how to evaluate price formation to balance demand and supply, how to monitor the market and evoked the design of renewables support mechanisms.
MEDREG is the Association of Mediterranean Energy Regulators, which brings together 27 regulators from 23 countries, spanning the European Union (EU), the Balkans and North Africa. Mediterranean regulators work together to promote greater compatibility of the regional energy markets and legislation, seeking progressive market integration in the Euro-Mediterranean basin.
MEDREG promotes a transparent, stable and compatible regulatory framework in the Mediterranean Region fostering infrastructure investments, consumer protection, and enhanced energy cooperation. Based on a bottom-up approach, MEDREG acts as a collaborative platform for regulators from the Northern and the Southern shore of the Mediterranean to exchange technical knowledge and good practices while supporting each other to reinforce their regulatory capacity.
The Association is co-funded by the European Union and benefits from the financial contribution of its members.