VISION 2050 - Fluvius path to climate neutrality slide image

VISION 2050 - Fluvius path to climate neutrality

Regulatory Framework E&G - Purpose and Organisation Purpose Organise the energy market in order to Increase generation capacity through import and new generation units Improve competition in generation Provide for neutral, technically integrated and cost-efficient networks for E&G transmission and distribution Benchmark cost of energy Reduce costs Permanently monitor the market and, if needed, adjust regulations to improve its organisation Have a well-functioning retail market Take action with a view to the climate objectives Harmonise energy and environmental policies Promote efficient use of energy Promote use of renewables and use of CHP (Combined Heat & Power) units Areas of Competence For the Belgian energy market, 1 federal (CREG) and 3. regional regulators (Flanders: VREG) have been set up CREG's areas of competence: • Electricity generation (except renewables and CHP systems) Electricity transmission on grids >70 kV Gas storage and transport Transmission tariffs The 3 regional regulators' areas of competence: . • Local distribution of electricity (voltage ≤70 kV) Local distribution of natural gas Electricity generation from renewables and CHP Rational use of energy (RUE) (Social) public service obligations Organisation of supply market and supply licenses Distribution tariffs fluvius. June 2022. 39
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