At the occasion of its tenth anniversary, the Mediterranean Energy Regulators’ Association (MEDREG) published its annual report for 2016. Over the past year, MEDREG supported the empowerment of member regulators through a variety of activities, including a successful peer review of the Egyptian electricity regulator, and several technical cooperation initiatives in the Southern shore countries.
With regards to the integration of Mediterranean gas and electricity markets, MEDREG contributed to make significant progress in 2016. The Association, which is supported by the EU, evaluated electricity investment projects and promoted good performance of generators, while sound methodologies to design gas tariffs and allocate gas capacity were discussed and shared with members.
MEDREG’s role in the Union for the Mediterranean (UfM) Energy Platforms was confirmed, with the Association recognised as one of the main responsible bodies for technical deliverables to the Regional Electricity Market (REM) Platform, and an important role in the Gas and Renewable Energy and Energy Efficiency (REEE) Platforms.
The Association was also active in designing regulations for consumer-friendly markets able to achieve RES targets, with particular emphasis on the protection of vulnerable consumers.
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 harmonization 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.