Transparency is an essential condition for the efficient functioning of energy markets. Not only transparent market rules, but also transparent access criteria to infrastructure, transparent operation of energy systems and transparent regulatory procedures are indispensable to ensure a level playing field and efficient market outcomes.
Given the increasing importance of energy markets within Europe and the general move towards larger, regional markets and exchanges, promoting transparency in physical and financial energy markets is an ideal way of stimulating the European economy and achieving an open and competitive European market. Transparency enhances information of market participants and permits them to take the more appropriate business decisions. Transparency gives more equal access to the market and more equal chance to benefit from market opportunities; it facilitates appropriate market entry. Hence transparency favours the efficiency of market operation and improves the confidence that economic agents may have with market outcomes.
Against this backdrop, the FSR and RWE has developed the Energy Transparency Award: an annual competition to distinguish a company or institution for their particular contribution to the transparency of energy markets in Europe. The winner will be selected by an international independent selection committee chaired by Jorge Vasconcelos.
The FSR is now for nominations by any third party for this Energy Transparency Award, which will be given to an undertaking, institution, industry association, system or market operator in recognition of their own particular contribution to the transparency of energy markets in Europe.
For further information on the Energy Transparency Award and the nomination processes, please visit FSR’s website:
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