Today the Administrative Board of ACER, the governing body of the Agency, has endorsed an agreement for further cooperation with the United States Federal Energy Regulatory Commission (FERC). This development builds on the Memorandum of Understanding (MoU) signed between ACER and FERC early this year to enhance consultation, relating to the monitoring of cross-border wholesale energy markets.
The Chairman of the ACER Administrative Board, Mr Razvan Nicolescu welcomed “closer cooperation between FERC and ACER, which will include an exchange of staff, and increase the capabilities of both bodies to handle the challenges to ensure the well-functioning of our energy market”.
ACER Director, Mr Alberto Pototschnig stressed “the importance for the Agency to be able to take advantage of the experience of FERC in monitoring trading in wholesale energy markets”. He also expressed his “gratitude to FERC Chairman, Mr Norman Bay for seconding FERC staff to support the Agency in the implementation of REMIT, the EU regulation on wholesale energy market integrity and transparency”.
The general aim of this collaboration is to share knowledge, experience and best practices, and to provide support to each other in the process of monitoring wholesale energy markets in the European Union and in the United States of America.