EURELECTRIC Annual Activity Report 2010

EURELECTRIC pursues in all its activities the application
of the following sustainable development values:
• Economic Development
Growth, added-value, efficiency
• Environmental Leadership
Commitment, innovation, pro-activeness
• Social Responsibility
Transparency, ethics, accountability

“While recapping EURELECTRIC’s achievements over the past year, the
EURELECTRIC Annual Report is also a distinctly forward-looking document,
highlighting the policy and regulatory issues that will be relevant for the
coming 12 months and beyond. Based on the European electricity sector’s
past activities, as detailed in this report, I am confident that EURELECTRIC
will continue to actively contribute to the important debates at European
level, be it on energy infrastructure, market integration, energy efficiency
or climate. I look forward to that input and to future fruitful discussions
between the European power industry and the European Commission.”
Günther H. Oettinger
European Commissioner for Energy
1

activity report 2010
Table of Contents
4 electricity -
the way
forward
2
Interview with
Lars Josefsson, Fulvio
Conti, Johannes Teyssen
and Hans ten Berge
10 electricity issues –
our work and what we stand for
12 using all
low-carbon
options and
technologies
14 EURELECTRIC Renewables
Action Plan:
A Comprehensive Strategy
for the Road to 2020
17 CCS
18 Biomass Sustainability:
Creating a Functioning
Biomass Market
19 Interview with Inge Pierre,
Chairman of EURELECTRIC’s WG Gas
19 Nuclear
20 well-functioning
markets and
market-based
instruments
22 Making the Most of Markets
23 EURELECTRIC report on
regional market integration
24 Interview with Marcel Cailliau,
Chairman of the EURELECTRIC Task Force
on Integration of Renewables
24 Integrating RES into the market
25 What is changing in
Energy Trading rules?
26 Emissions trading:
Implementing the third trading period

28 an increased
and better use
of electricity
30 Smart Grids
preparing electricity networks
for the future
32 Interview with Jan Peters,
Chairman of the EURELECTRIC DSOs
Directors’ Gathering
33 Energy efficiency
34 Electric Vehicles – ensuring
the necessary public charging
infrastructure
36 strong, reliable
partnerships
and framework
conditions
38 Electricity Social Dialogue:
Supporting the Needs of Employees
39 Identifying Financing Costs
and Risks
39 The Effects of the Financial Crisis
40 ESDR report, Climate Change,
Creosote, Health and Safety
41 Cooperation beyond Europe:
The International Electricity Summit
41 Roadmap for a Low-Carbon
Power Sector
42 Industrial Emissions Directive:
Delivering Input on Industrial
Emissions Regulation
43 spotlight on
eurelectric:
how we work
44 EURELECTRIC Annual
Convention and Conference
48 EURELECTRIC Award, Blog
49 Ad for Annual Convention 2011
50 Partner structure
51 Partner in Focus:
Interview with VGB
52 Organisational and
Expertise Structure
54 EURELECTRIC Staff
55 List of Member Organisations
58 Board of Directors
activity report 2010
3

activity report 2010
2010
As 2010 draws to a close, we use the opportunity to reflect on last
year’s achievements – and on the challenges ahead. An interview
with EURELECTRIC President Lars G. Josefsson, Vice-Presidents Fulvio
Conti and Johannes Teyssen, and Secretary General Hans ten Berge.
4
2050

Lars G. Josefsson Fulvio Conti Johannes Teyssen Hans ten Berge
Electricity - the way forward
Looking back over the previous year, where do you think
significant progress has been made – and where have
you seen less progress than you had hoped?
Josefsson: It has been a very interesting year: on the one
hand we had the shadow of the economic crisis and the
negative result for the global climate agreement in Copenhagen,
but at the same time a new college of European
Commissioners has started with an ambitious work plan.
Looking at EURELECTRIC’s achievements, I would
highlight the Power Choices study as a definite positive.
Following the energy sector’s declaration on carbon
neutrality, Power Choices demonstrates that we can
reach carbon-neutral power generation within the EU
by 2050 – with market-based solutions and openness to
all climate-efficient power generation possibilities. I am
particularly pleased to see the positive responses to this
study and that other strong stakeholders have presented
similar studies with converging results.
Conti: In my view Power Choices is relevant for two reasons:
first, it is an effective contribution to the public debate
on climate change, adding an element of pragmatism
and realism to a discussion that is too often extremely
ideological. Second, the study was well-received by the
Commission. I really see it as a concrete instrument to
shape our role towards our institutional stakeholders in
the medium and long term. It is essential that EURELECTRIC
is able to express a realistic, long-term vision on what
the energy sector will or shall be in the coming years.
Teyssen: The main initiatives launched by the Commission
like the Energy Strategy 2020 or the Infrastructure
Package show that the Commissioner is determined to
address the right issues after conducting an adequate
review of the required measures. The strategy gives all
low-carbon energies an opportunity. The challenge will
be to set the right incentives and ensure its financing,
notably for infrastructure. This will be crucial if we want
to realise the change towards a low-carbon energy
system at affordable costs.
Ten Berge: In addition, I would like to mention the newly
presented national renewable energy action plans, which
clarify how member states aim to achieve the EU 2020
target on renewables. This is a very welcome step. Yet
two things strike me: the low importance of cooperation
mechanisms within most plans and the little attention
they pay to RES in heating and cooling. I would have liked
to see the plans deliver more on both accounts.
Josefsson: The national renewables plans are indeed
a positive development, but the great need for investment
in grid capacity as well as balancing power has not
been highlighted clearly enough. If this is not taken into
account, renewable electricity will not reach the customer.
What about markets? Are you satisfied with the progress
that has been achieved so far?
Teyssen: I would have wished that, 12 years after initiating
European energy market liberalisation, we were closer to
a real common internal energy market. Instead, there is
still need for action in a number of member states. The
last few years have been characterised by stagnancy and
even regression, i.e. growing interventions like specific
taxes, subsidy regimes or price regulation. We would thus
welcome the EU taking adequate remedies to ensure
compliance with European law.
activity report 2010
5

activity report 2010
6
The economic crisis
has slowed down the
liberalisation process of the
European electricity markets
Lars G. Josefsson, President
Although the electricity demand
is slowly recovering, there are
still only weak signals on the
investments side
Fulvio Conti, Vice-President
Josefsson: To be fair, there has been some progress on
market integration, for example the launch of Interim
Tight Volume Coupling between the Nordic and the Central
Western Europe regions in November 2010. But indeed,
I too would like to see stronger development. A merger
between the Central West Europe (France, Germany and
the Benelux countries) and the Nordic market would be
a natural step for the EU. This would set a good example
for the further regional development of the market.
Conti: Generally speaking, we cannot stress enough the
importance of market integration and moving towards
a single energy market in line with the provisions of the
Third Package. As a prerequisite, we have to ensure that
market zones are compatible. We should therefore start
with the effective harmonisation of market conditions,
for example unbundling conditions, regulators’ powers or
levels of subsidies and regulated prices.
Ten Berge: We need strong leadership from the European
Commission regarding markets, especially regarding the
integration of day-ahead and intraday markets. I think
there is more scope for the EU here, and would certainly
like to see the EU play a more active role in this regard.
Let’s move from the present to the future. What are the
main issues that the European electricity industry will
need to address in 2011?
Conti: Coping with the increasing penetration of
intermittent renewable energy is undoubtedly one issue
that will need to be addressed. Integrating renewables

will require a careful management of the mix of regulatory
policies and the level of regional integration. It also calls
for boosting the development of smart grids and
evaluating and/or introducing reliable mechanisms for
capacity remuneration. Capacity remuneration will help
back-up conventional plants to cope with decreasing
load factors, while they continue to perform their
essential role in ensuring the proper functioning and
security of the system.
Teyssen: One of the main political debates will address
the question on how to shape a policy that provides a
market-compatible set of rules enabling full market
integration of renewables whilst managing intermittency
and volatility. We should avoid further interventions
in existing markets since this has proven to lead to
considerable market distortions.
Personally, I believe we should ensure coordinated
renewables support schemes on a European level. These
will have a big positive impact on cost efficiency. In addition
to the domestic support schemes, imports of renewable
electricity from third countries should be allowed if they
offer favourable locations. This issue should be subject to
discussion at the European Council dedicated to energy
in February 2011.
Ten Berge: I think we all agree that smart grids will
become more important. There is a definite need to take
the next step in the development of smart grids: defining
the basic functionalities, testing them, bringing forward
good examples... They will also allow us to use electricity
more wisely.
Using electricity more wisely can also be supported by
improved energy efficiency. In your opinion, what role will
energy efficiency measures play in the coming months?
Josefsson: The EU action plan on energy efficiency is
planned for the beginning of 2011. Here I would like to see
strong support from the Commission, especially regarding
electrifying the transport sector and the heating and
cooling of buildings. This will also have a very positive
effect on decreasing CO 2 emissions.
Conti: We should focus on promoting energy efficiency
through the electrification of transport and of thermal
uses, both in residential and industrial sectors. Thanks to
major investments, the power sector has achieved quite
some progress on energy efficiency, especially compared
to other industries. Now we must actively contribute to
shaping the proper policy and regulatory measures.
Josefsson: Nevertheless, we should not forget the many
other challenges for 2011. For instance, the economic
crisis has slowed down the liberalisation process of
the European electricity markets. There are still a lot of
customers with regulated electricity prices.
I would also like to see an acceleration of the licensing
procedures for new transmission capacity, and further
financing and strengthening of ACER, the Agency for the
Cooperation of Energy Regulators, regarding cross-border
transmission lines. And I would like to see sustainable
biomass criteria being brought forward in 2012, when the
Commission is reviewing this possibility.
Ten Berge: In addition, I see the need for more progress
on carbon capture and storage (CCS), especially in light
of its crucial role for carbon-neutral electricity. The success
of CCS depends largely on strong support from the national
and regional levels. The EU’s demonstration programme
will have a big role to play as well.
Mr Josefsson, you briefly touched upon the economic
crisis and its negative effect on the deregulation process.
I would like to put this question to all of you: what has
been the impact of the financial and economic crisis – and
how will this impact make itself felt in the coming year?
Conti: A very relevant effect is the decrease of energy demand
as a consequence of the massive downturn of economic
activity. Although the electricity demand is slowly recovering,
there are still only weak signals on the investments side, due
to recovery and policy uncertainties on the financing side.
The lack of investments in new energy infrastructures may
endanger not only the competitiveness of the European
industry in the long run, but also the security of energy
supply across Europe. Working to facilitate and promote
activity report 2010
7

activity report 2010
8
new investments in energy infrastructure should therefore
be a priority for all the relevant stakeholders – governments,
the European Commission, utilities, and banks.
Teyssen: The economic and financial slump has indeed
led to a substantial decrease of energy demand. This has
actually had some positive impacts, for instance lower
CO 2 emissions and reduced wholesale prices. However,
we should not only focus on the short-term impact. In the
long run the financing abilities of energy companies are
key if we are to achieve the transformation of the energy
system – a transformation that will require massive
investments in the next decades.
Josefsson: As mentioned earlier, the crisis has certainly
resulted in a more national and competition driven focus,
slowing down the liberalisation of the electricity markets
and market integration. It also had a negative impact
when trying to reach a global climate agreement.
As a direct result of the economic crisis we have seen a
greater focus on the regulation of the financial sector.
I would like to reiterate that there are fundamental
differences between the energy and finance sectors:
energy companies use derivatives mainly to manage
their exposure in the physical energy markets and
thus pose no systemic risk. It is therefore important to
handle the energy sector separately.
EU Energy Commissioner Günther Oettinger has now been
in office for almost a year. What key piece of advice would
you give him for the rest of his mandate?
Josefsson: The Commissioner has started out in the
right direction and I would like to see him continue with
a strong focus on ensuring wholesale market integration,
thus advancing the well-functioning common electricity
market that Europe really needs.
During the last half year the Commissioner has highlighted
the importance of harmonised EU support for renewables.
I would like to see the Commissioner follow up on this
by bringing forward a proposal on a harmonised support
scheme for renewable energy.
I would also call on the Commissioner to further strengthen
the EU Emission Trading System as the core of the
European climate policy, in particular by taking steps to
bring further sectors into the system as well as expanding
the system geographically.
Ten Berge: Both energy efficiency and smart grids have
already been mentioned, but they really cannot be
stressed enough. Individuals and businesses still do not
invest enough in energy efficiency measures. A critical
and immediate task for policymakers would therefore be
to develop regulatory, fiscal and informational tools that
will overcome these blockages to mass investment in
demand-side measures.
Smart grids will need more support as well. The Commission
has recognised their importance, but there is still some
way to go in defining the basic functionalities of smart
grids and analysing whom they will benefit and how.
Conti: In my mind, the most relevant issues to be
addressed are the rebalancing of the fuel mix and the
financing of R&D. Renewable energy will play a fundamental
role for a low-carbon energy mix, but it cannot be the
silver bullet. We need a wide spectrum of complementary
technologies, sources and approaches: energy efficiency
measures, CCS, nuclear. In this context, clear support
from the EU, while respecting the right of every country to
determine its own energy mix, would be especially effective.
The Nuclear Waste Directive is a first good example.
As for R&D, the Commission can efficiently assist the
private sector by increasing the EU budgets devoted
to R&D, stimulating banks and financial institutions to
facilitate investments in new technologies. The private
sector is already increasing its own R&D budget, but it
is essential to reduce the associated risks and costs, not
least by setting up a stable and transparent regulatory
framework that allows for the deployment of the new
technology once the pilot stage has been successfully
completed. I am thinking in particular of CCS.
Josefsson: The coming years really will be critical for a
successful development of CCS. Besides going forward with

Energy could prove to be
the opportunity to give the
European idea new impetus
Dr. Johannes Teyssen, Vice-President
Individuals and businesses still
do not invest enough in energy
efficiency measures
Hans Ten Berge, Secretary General
the demonstration plants and the financial funding, there is
a great need to support the development on infrastructure
and storage, not least regarding public acceptance.
Teyssen: I agree. Public acceptance is key for any large
infrastructure project like grid extension and modification
as well as the building of new power plants. We cannot
afford NIMBY or NUMBY (not under my backyard)
attitudes if we want to make the change happen.
Overall, however, I would like to congratulate the
Commissioner on the Energy Strategy 2020. It is not a new or
“revolutionary” programme, but it is consistent and provides
a set of reliable measures for reaching the 20-20-20 goals
in a pragmatic and efficient way. Energy could prove to be
the opportunity to give the European idea new impetus.
Ten Berge: The Commission is currently very active in
terms of European energy policy: apart from its Energy
Strategy for 2020, there is a new Infrastructure Package and
three planned roadmaps on low-carbon energy, economy
and transport, as well as the upcoming Energy Efficiency
Action Plan. I thus expect the European Council on energy
in February 2011 to provide new impetus on energy and
climate issues.
Over the past year Commissioner Oettinger has been in
close dialogue with the electricity sector’s CEOs, not least
on EURELECTRIC’s latest publication, 20 Steps Towards
2020, which sets out concrete measures needed for a
carbon-neutral, secure and integrated European electricity
market. I very much welcome this dialogue and believe that it
provides a solid foundation for our work in 2011 and beyond.
activity report 2010
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activity report 2010
ElEcTrIcITy IssuEs -
our work And whAT
wE sTAnd for
10
Electricity remains a cornerstone of the European economy. Since 1980, demand for elec tricity
has steadily increased – a trend that is projected to continue in the coming decades.
As the Union of the European Electricity Industry, EURELECTRIC is continuously striving to
ensure the right framework conditions that allow the European power sector to fulfil the demand
for a secure, market-based and low-carbon electricity supply. Confronting head-on the important
challenges we face, we have not only declared our goal of achieving carbon-neutral electricity
by 2050, but have subsequently shown through our Power Choices study that this goal is
technically and economically feasible. The EURELECTRIC publication 20 Steps Towards 2020,
presented to EU Energy Commissioner Günther Oettinger in September 2010, outlines the twenty
concrete measures needed for the European electricity sector to fulfil this commitment and turn
our vision of a carbon-neutral, secure and integrated European electricity market into reality.
Promoting integrated markets, low-carbon technologies, strong partnerships, and a more
intelligent use of electricity are just some of the measures that will contribute to achieving our
objective. The following pages present a cross section of EURELECTRIC’s varied activities in 2010
and paint a first picture of the initiatives we can expect for the upcoming months and beyond.

using all low-carbon options
and technologies
Page 12
well-functioning markets and
market-based instruments
Page 20
an increased and better
use of electricity
Page 28
activity report 2010
strong, reliable partnerships
and framework conditions
Page 36
11

activity report 2010
usIng All low-
cArbon opTIons
And TEchnologIEs
12
Electricity in Europe is generated by the entire range of power generation
technologies, from renewable energy sources (RES) and nuclear to fossil
fuels such as gas, as demonstrated in our latest statistical report
(see figure below).* Developing this diversified mix further will be crucial
to ensure security of supply and to achieve an optimal balance between
intermittent RES and flexible and back-up capacity from conventional
generation sources. EURELECTRIC working groups are analysing how
various interrelated technologies can be deployed cost-efficiently in line
with market requirements and the drive towards decarbonisation.
Installed Capacity in 2008
Other Renewables
11%
Hydro
17%
Not Specified
0%
Nuclear
16%
Fossil Fuel Fired
56%
Electricity Generation in 2008
Other Renewables
7%
Hydro
11%
Not Specified
1%
Nuclear
28%
Fossil Fuel Fired
53%
* All figures and tables in this report are taken from the 2010 edition of EURELECTRIC’s statistical yearbook, Power Statistics,
which can be downloaded at http://www.eurelectric.org/PowerStats2010/KeyDocuments.asp.

Eurelectric Renewables
Action Plan
How EURELECTRIC is addressing
the multiple challenges of RES
Page 14
CCS
An overview of the latest policy developments
and EURELECTRIC contributions
Page 17
Biomass Sustainability
activity report 2010
Highlights
Creating a functioning biomass market
has become the focus of EURELECTRIC’s
Task Force Biomass
Page 18
13

activity report 2010
EurElEcTrIc rEnEwAblEs
AcTIon plAn:
A comprEhEnsIvE sTrATEgy
for ThE roAd To 2020
14
As an integral component of a
low-carbon future, renewable
energy sources (RES) remain
high on the agenda, both at the EU level and within
EURELECTRIC itself. Work is currently underway on a new
EURELECTRIC renewables strategy, which aims to clarify
the implications of increasing RES shares for networks,
generation, markets, competition, environmental integrity
and sustainability.

Following a flurry of legislative activity and lobbying
in the first half of 2009 in agreeing the Renewables
Directive, 2010 was a year to take stock and look at
the implications of the EU’s ambitious 2020 target
for renewables. In reaction to this, EURELECTRIC
launched its own “Renewables Action Plan”
(RESAP) in spring 2010. The purpose: to develop a
comprehensive industry strategy on renewables,
setting the requirements for ensuring that the 2020
targets are feasible, economically sound and do not
threaten system security. The Action Plan has also been
developed in recognition of the industry’s commitment
to renewables in the longer term, as indicated by
the strong role of renewables in the 2050 scenarios
developed by the EURELECTRIC Power Choices
project. The plan is developed around four main
blocks: networks, generation, markets, and competitive
and sustainable renewables (see separate box).
Each block of the Action Plan encompasses a series of
specific tasks, most of which will lead to an individual
report. In turn, these reports will be incorporated into a
comprehensive renewables strategy document in June
2011, and will provide input for a final overarching RESAP
conference in autumn 2011. Each of the individual tasks
is led by a EURELECTRIC working group, co-ordinating
with a defined number of working groups.
activity report 2010
RESAP contains four main blocks:
Networks This block considers the network expansion
needed to transmit renewables, and the needs for smart
grids to support intermittent renewables.
Generation This section looks at creating a stable
investment climate for RES and the needs for flexible
back-up capacity to support renewables. It also includes a
task on considering the necessary development of a greatly
expanded biomass market to support the 2020 targets.
Markets The markets segment considers the challenges
to the functioning of markets when integrating a high
level of renewables and possible required adjustments
to market design.
Competitive & Sustainable RES This block encompasses
an analysis of the EU member states’ national
action plans (see box on following page) and a push
for use of joint projects and other cooperation
mechanisms. Accompanying studies on the feasibility
of RES action plans seems appropriate. It also includes
a task on the R&D needs for renewables and assessment
of the life-cycle impact of RES technologies.
15

activity report 2010
National Renewable Energy Action Plans
The 2009 Renewables Directive demanded that member states
provide national plans on how they would reach their individually
defined renewables target for 2020. These plans must be based on a
template issued by the European Commission in mid-2009, in which
they have to enter, technology by technology and year by year, the
quantity of RES production that the member state intends to develop
to 2020. The plan also contains a qualitative part, in which the
member state has to enter the policy measures it intends to use to
achieve the stated growth in renewables.
The national action plans were due to be submitted by the end of
June 2010. However, only three plans were submitted by this date.
By December, 26 out of the total 27 plans had been submitted. An
initial reading shows the plans to be of widely differing quality.
Many plans contain no additional policy measures to those
already in place, despite proposing unprecedented growth. Few
countries appear to have based their numbers on modelling the
economically optimal RES mix to reach the target – indeed rather
few plans refer to detailed background analysis carried out in
preparing the plans.
EURELECTRIC is currently engaged in a detailed analysis of the plans,
and expects to take a view on their feasibility, coherence and economic
implications in the near future, not least within its broader RESAP
ambitions (see main article).
16
In addition, the RESAP is supported by two newly
created groups: a broad steering committee composed
of the chairs from each of the involved working groups
and meeting only at the beginning and towards
the end of the project; and a “RESAP co-ordination
group”, which will meet much more frequently and
is responsible for ensuring coherence and the timely
delivery of the plan. The co-ordination group brings
together two representatives from each EURELECTRIC
committee, one representative from EURELECTRIC’s
partner association VGB, and four advisers from
EURELECTRIC’s secretariat, each responsible for one
of the four blocks.
The need for the RESAP as a constructive sector-wide
approach towards the 2020 renewables targets was
emphasised by co-ordination group chair Oluf Ulseth,
Vice-Chair of the EURELECTRIC Energy Policy &
Generation Committee and upcoming Managing
Director of the Norwegian electricity industry
association Energy Norway. “There is a need for a
massive increase in renewables to meet the longterm
challenges ahead, where the electricity industry
will play a vital role in reaching the 2020 targets.
We are ready to rise to the challenge,” Mr Ulseth
declared. The RESAP would allow EURELECTRIC to
lay out “what is needed to make the 2020 target
deliverable”, including fundamental changes to
networks, markets and support systems. “We are
ready – but the political framework is not yet
complete,” concluded Mr Ulseth.

CCS
Carbon Capture and Storage (CCS) remained a hot topic on
the European political agenda in 2010, with a raft of important
decisions taken to maintain and beef up Europe’s leadership
in the field. An overview of the latest significant policy
developments and EURELECTRIC contributions.
Fine-tuning European legislation
Whilst transposition of Directive 2009/31 (“CCS Directive”)
was still pending in most European Union member
states, the European Commission carried out a selected
stakeholder consultation on four “Guidance Documents”
meant to pave the way to a harmonised implementation of
the EU legislation throughout Europe. Despite applauding
the Commission’s intentions, EURELECTRIC assessed that
the consultation documents failed to recognise, in the long
term and once commercially available, the fundamental
role of CCS in combating climate change by contributing to
carbon-neutral power generation. Instead, EURELECTRIC
warned, they stipulated an unnecessary trade-off between
public awareness/acceptance of CCS and operators’
liability, ultimately forcing project developers to bear an
open-ended liability that could prove counterproductive
to the development of CCS itself. Taking a pro-active
stand, EURELECTRIC argued that appropriate mechanisms
should favour risk-sharing between project developers
and member states, so as to give investors in the CCS
chain a stable, predictable and supportive framework
to build up and operate their installations.
Financing CCS
Building upon last year’s work, EURELECTRIC has
been closely following the developments of the CCS
demonstration funding programme in 2010. It produced
several papers with the aim of facilitating political
agreement on a technically and economically sound,
European-wide scheme known as New Entrants Reserve
(or NER300): a funding tool to keep the momentum on CCS
and, most importantly, master the development of ten
to twelve demonstration plants by 2015. An agreement
on the NER300 was eventually struck between EU member
state representatives in February 2010. During the
scheme’s first phase, EU funds, covering up to 50% of
eligible project costs, will allow companies to draw up
proposals for financing eight large-scale, integrated
CCS demonstration projects, as well as 34 renewable
energy projects. Backed by the respective national
governments, the applicants will have to be evaluated
by the European Investment Bank (EIB). The EIB will also
be responsible for selling the 300 million allowances
set aside under the Emission Trading Scheme (EU-ETS),
and for disbursing the money to approved projects.
Boosting pan-European CO 2 networks
While the European Commission was tweaking its Energy
Infrastructure Package, EURELECTRIC adopted a raft of
recommendations on the inclusion of pan-European CO 2
transportation networks in the new EU infrastructure
instrument. Highlighting evidence from its forward-looking
Power Choices study, EURELECTRIC argued that the
scaling-up of CCS was likely to require a change in carbon
dioxide transportation, from current point-to-point networks
to hub-and-spoke networks and eventually, through regional
clusters, to EU-wide networks. Not only would this drive
down transport costs and improve cost-efficiency; it
would also ensure the market-oriented transportation
of CO 2 , for example granting third party access.
Next steps
2011 will be a crucial
year for the implementation
of the EU’s CCS demonstration
programme, in particular
regarding developments on
the NER 300 and the ongoing
work in the framework of the
European Energy Programme
for Recovery (EEPR).
activity report 2010
EURELECTRIC will also
assess the role granted
to CCS within the European
Commission’s new overarching
strategy papers, i.e. the Energy
Strategy 2011-2020 and the
Roadmap 2050.
17

activity report 2010
Biomass Sustainability:
Creating a Functioning Biomass Market
Biomass is a lynchpin of the EU’s renewables targets for 2020.
Recognising the huge expansion in biomass power generation
needed to reach those targets, EURELECTRIC created a Task Force
on Biomass, which met for the first time in autumn 2009. One
of the group’s key tasks for 2010 lay in addressing the topic of
biomass sustainability.
18
While the European Commission’s 2009 Renewables
Directive set down guidelines for mandatory
sustainability criteria for liquid biofuels, it deferred a
decision on criteria for solid and gaseous biomass to
a later report. Released at the end of February 2010,
this report did not suggest guidelines for mandatory
EU-wide sustainability criteria, but recommended
instead some voluntary guidelines for member
states who wished to put their own sustainability
requirements in place.
EURELECTRIC’s TF Biomass issued a response in
May 2010, which also addressed the wider issue of
sustainability criteria in view of the massive biomass
growth needed to meet the 2020 renewables targets.
While agreeing with the Commission that the existing
legislation provided reasonable guarantees for
most biomass currently produced within the EU,
EURELECTRIC argued that the expected massive
growth in biomass generation meant an increasing
proportion of biomass would be imported. Given
significant sustainability concerns about biomass
produced outside the EU, mandatory harmonised
EU-wide criteria should be rapidly put in place,
thereby avoiding a situation in which member states
lay down their own criteria, which may or may not
follow the EU’s voluntary guidelines.
Commenting on the report, Jeppe Bjerg, Senior
Innovation Manager at DONG Energy and Chairman of
EURELECTRIC’s TF Biomass, emphasised the role of
mandatory harmonised criteria in averting a fragmented,
inefficient EU biomass market. “Common EU rules for
biomass sustainability criteria are needed to facilitate
an efficiently functioning biomass market and provide
assurance that biomass procured for large-scale power
production does not harm the environment. The criteria
will be crucial to provide a level playing field and the
necessary certainty for investors in biomass plants, while
ensuring sustainable biomass supply grows sufficiently
to reach the EU 2020 renewables targets,” stated
Mr Bjerg.
The EU plans to re-visit the question of mandatory
criteria in another report by the end of 2011. Meanwhile,
the TF Biomass is working further on biomass
sustainability as part of a more detailed report on
biomass market development, expected for mid-2011.

A year of dynamic developments concerning
gas lies behind us. But unexpected
generation developments as well as
renewed efforts from the European
Commission and regulators may make
for an even more interesting year 2011,
says Inge Pierre, Head of European
Affairs at SvenskEnergi and Chairman of
EURELECTRIC’s WG Gas.
Gas has become much more prominent in
EURELECTRIC’s overall strategy in recent years.
How would you explain this trend?
Natural gas has a particular strength: it is the cleanest of
all fossil fuels, its emissions being roughly half of those of
coal when used in power generation. The ‘dash for gas’
experienced across Europe in the 1990s is not yet over,
as electrical companies strive to reduce their emissions.
In addition, natural gas will have a fundamental role to
play in flexibly backing up the intermittency of renewable
generation in the near future.
Nuclear
2010 has been an important year for nuclear in Europe:
several countries announced plans for new nuclear
capacity, while others extended the lifetime of their
nuclear installations.
Nuclear-related aspects featured prominently in
EURELECTRIC’s activities throughout the year. The board
meeting in June saw a debate on the strategic role of
nuclear in a low-carbon electricity system up to 2050,
including challenges related to nuclear development
such as financing, waste management, and public
acceptance. While concluding that nuclear will continue
to contribute significantly to electricity generation, the
debate thus also highlighted areas which will need
interview
Natural gas is fundamental
for the integration of renewables
Could you expand a bit on this last point?
We are currently witnessing a tremendous growth
in the installed capacity of renewables, primarily
biomass, wind power and solar power (i.e. photovoltaics).
But the last two technologies have one main setback:
they are intermittent and not fully dispatchable, i.e.
may not be available to produce electricity in times of
higher demand. Natural gas fired plants, which enjoy
quite a good degree of technical flexibility, would thus
have to complement renewables, ultimately contributing
to their integration into the electricity markets and
systems.
What about the role of the European institutions
with regard to gas? Do you expect any important
regulatory activities in the coming year?
During the last session of the Madrid Forum, different
stakeholders took part in preliminary, explanatory
discussions on the development of a ‘target model’
for the integration of the currently fragmented gas
markets. EURELECTRIC is deeply engaged in making
this a success story on the electricity side. We hope to
share our experience and are ready to engage in detailed
discussions with all stakeholders, from European
institutions to trade associations.
to be addressed in more detail to allow for nuclear
development.
In the course of 2010 EURELECTRIC has been an active voice
in the working formats of the European Nuclear Energy Forum
(ENEF). In particular, we have contributed to analysing the
future role of nuclear in various electricity mix scenarios.
EURELECTRIC has also been closely following the
agenda of the European Commission on nuclear matters,
particularly the legislative proposal on management of
spent fuel and radioactive waste, published in November
2010. Nuclear will therefore remain very much at the
forefront of our activities in 2011.
activity report 2010
19

activity report 2010
wEll-funcTIonIng
mArkETs And mArkETbAsEd
InsTrumEnTs
20
The European electricity industry is investing significantly in ‘new’ RES
(mainly wind, solar and biomass), whose capacity in 2008 was almost
60 times the capacity in 1980. But to make the most of this capacity, an
integrated European electricity market is needed, allowing the power
sector to deliver in an optimal way – carbon-neutral, commercially viable,
at affordable prices. Convinced of the merits of well-functioning markets,
EURELECTRIC fully supports the use of market-based instruments,
including the EU Emissions Trading System (EU ETS).
Generating capacity in the EU-27 in 2009 compared to 2008 and 2007 (MW)
2007 2008 2009 2008/2007 2009/2008
Nuclear 132,855 132,882 132,876 27 -6
Conventional Thermal 436,464 446,936 456,967 10,472 10,031
Hydro 140,894 141,788 142,617 893 829
Other RES 77,983 93,342 107,491 15,359 14,149
of which Wind 55,394 63,611 74,335 8,217 10,724
Total 791,233 815,515 841,732 24,282 26,217
Source: EURELECTRIC Power Statistics 2010

Making the Most of Markets
An overview of the main issues at stake
Page 22
Energy trading rules
EURELECTRIC reactions to the latest
European policy initiatives
Page 25
Emissions Trading
activity report 2010
Highlights
Fleshing out the modalities of the third EU
ETS trading period
Page 26
21

activity report 2010
mAkIng ThE mosT
of mArkETs
22
Ensuring well-functioning markets
is at the very core of EURELECTRIC’s
activities, and represents an ongoing challenge amid the constantly
evolving European economy and regulatory framework. Main issues at
stake include the integration of wholesale markets and the convergence of
retail markets, the integration of renewable energy sources (RES) into the
grid, and the development of a regional electricity market in cooperation
with neighbouring non-EU countries.
Integration of wholesale markets has gained further
momentum in 2010, with progress made through a
continued stakeholders’ dialogue on the cooperation
between transmission system operators and power
exchanges. The discussion helped to identify the
blueprint of a centralised interface for price coupling
and continuous intraday trading, to be implemented
in a core market of the Central Western Europe and
Nordic regions, to which neighbouring countries or
regions should link up over time. With the details
still under discussion, EURELECTRIC is building up
pressure for a concrete proposal in order to pave
the way for first implementation steps in the course
of 2011. The progress made should also serve as a basis
for the related framework guidelines and network codes,
and for the coordination of work programmes across
the seven ERGEG regional initiatives for electricity.
Greater attention is also being paid to the contribution
that integrated and well-functioning markets will
make in accommodating large volumes of intermittent
electricity generation, particularly from renewable
energy sources such as wind and solar. EURELECTRIC
has repeatedly stressed the need for prompt planning

and execution of grid investments to match EU member
states’ estimated RES targets (see interview on p. 24).
In anticipation of RES becoming competitive and the
carbon price acting as the sole driver for policies to
reduce greenhouse gas emissions, EURELECTRIC is
analysing whether the current market designs will be able
to deliver the correct price signals despite the distortions
introduced by RES subsidies on wholesale prices. The
regulatory framework and resulting investment climate
for the necessary investments in conventional power
plants, which provide backup and flexible capacity for the
grid, need to be carefully monitored to identify whether
markets will be able to cope with those distortions.
While the integration of wholesale markets is important,
EURELECTRIC’s strategy towards well-functioning
electricity markets also includes the elaboration of an EUwide
retail market design to facilitate the convergence of
retail electricity markets. The linkage of wholesale and
retail electricity markets over time, together with the
phase-out of regulated prices, will be crucial to deliver
all benefits of fully liberalised markets to electricity
customers. The advent of smart grids and smart meters
will enable suppliers to provide consumers with timely
and accurate information and advice on energy savings,
thereby helping them to regulate their own consumption
(see separate article on p. 30).
EURELECTRIC report on regional
market integration
At the request of the 17 th European Electricity Regulatory
Forum, EURELECTRIC has drawn up a report contributing to
the development of regional markets as enshrined in the EU’s
Third Energy Package. Besides looking into actions needed
to foster the emergence of integrated regional markets, the
report also points to the current lack of coordination and risks
of divergence between regional markets. The target models for
electricity wholesale markets should thus play a crucial role in
establishing a truly integrated pan-European market, acting as the
backbone of any comprehensive EU market integration strategy.
Such a strategy should be underpinned by real commitment from
the EU member states as well as leadership from the European
Commission and the EU’s regulatory agency ACER. This would
alleviate predictable delay in the integration of day-ahead and
intraday markets, stemming from persisting disagreement on the
division of tasks between transmission system operators (TSOs)
and power exchanges.
The report was unveiled at the EURELECTRIC markets conference
on 17 March 2010 and will serve as a reference document for the
European Commission’s review of regional initiatives.
Finally, developing a consistent regional electricity
market is a cornerstone of the European Commission’s
strategy towards a pan-European electricity market. In
this respect, EURELECTRIC is paying specific attention to
regional markets with non-EU borders, i.e. the Southern
Eastern European region and the Baltic regional market.
A close dialogue is also taking place with our Russian
counterparts on the topic of cross-border electricity trade
in the Nordic-Baltic-Russia/Belarus region. The objective
of these talks is to create a level playing field for market
players and reduce current economic distortions due to
different pricing mechanisms, market models and access
rules to interconnectors.
activity report 2010
23

activity report 2010
Integrating renewable energy sources (RES) into the grid
poses a number of challenges for the future development
of wholesale electricity markets, explains Marcel Cailliau,
Chairman of the EURELECTRIC Task Force on Integration
of Renewables.
24
Why are the 2020 targets for renewables so
important for wholesale electricity markets?
The EU decision to have at least 20% of its energy supplied
through RES by 2020 will require a contribution of RES to
electricity generation of around 35% of all sources. The
increased production of renewables will be based, to a large
extent, on wind and solar power. These are by their very
nature intermittent, unpredictable and unevenly geographically
distributed. Considering that most of the EU member
states in 2010 are still only half-way to reaching their
RES targets, the next 10 years will see a complete paradigm
shift in electricity markets, affecting wholesale prices,
balancing needs and costs, power flows across and within
countries as well as generation and grid investments.
What do EU electricity markets need to efficiently
integrate these large volumes of intermittent RES?
In my view, there are two key solutions to integrating RES in
the most cost-effective way: large-scale grid investments and
integrated wholesale markets. On the one hand, the massive
development of the EU network represents the “hardware”
Integrating RES into the market
We need to ensure that correct
price signals incentivise the
necessary investment
As a consequence of the EU 2020 renewables
target, the share of renewable energy sources
(RES) is expected to reach between 30-35% of all
generation sources. The increased production of
renewables will largely be based on intermittent
sources such as wind and solar power, which will be
far more challenging to integrate into the system.
EURELECTRIC has therefore analysed the effects
that the increased amounts of intermittent RES
production will have on both the electricity market
and on transmission and distribution grids. Our
interview
solution, which is crucial, but will take longer and be more
costly. By contrast, market integration enables a number of
“software” solutions that can quickly and effectively improve
the functioning of markets and grid security. Market players
should in particular be able to trade close to real time on the
basis of integrated intraday and balancing markets, allowing
them to adapt to unforeseen deviations of intermittent
generation from day-ahead forecasts. This will contribute
decisively to reducing congestion, optimising generation
capacity flexibility, enhancing cross-border electricity trade –
and it will eventually reduce system costs for consumers.
What role will conventional technologies play in
the future?
Greater amounts of wind and solar generation will still
require investments in backup and flexible capacity (both
in new and in existing plants), which will need to be
quickly available at times when the wind doesn’t blow or
the sun doesn’t shine. We need to ensure that correct price
signals incentivise the necessary investment in flexible
and backup generation capacity and encourage an active
participation of consumers on the demand side. To this
end, regulatory distortions such as price caps should be
removed. In those cases where energy markets are unable
to deliver adequate returns on investment for flexible and
back-up plants, additional mechanisms to remunerate
capacity availability may be needed, provided they do not
hinder further integration of markets.
work resulted in the report “Integrating intermittent
renewables sources into the EU electricity system
by 2020”, published in May 2010.
The report demonstrates how increasing levels of
intermittent generation make market integration
even more urgent to ensure a sustainable and secure
power system. The greater demand for ancillary services
to balance the system and redispatch services to
cope with transmission congestion will require larger
market areas to minimise inefficiency. Renewables
targets and security of supply standards should
therefore not supersede the creation of a single EU
market, but rather be part of the same strategy.

What is changing in Energy Trading rules?
During 2010 the European Commission put forward a number
of legislative proposals aimed at enhancing transparency and
market integrity and preventing systemic risk in energy markets.
We present a snapshot of proposals and EURELECTRIC positions.
The proposal In September, DG MARKT issued a regulation to enhance the resilience of over-the-counter
(OTC) derivatives markets, including commodity derivatives such as electricity and gas.
Our position EURELECTRIC agrees with the intent of the Commission to prevent systemic risk
in traditional financial markets and welcomes the proposal to increase the share of
standardised OTC derivatives cleared via central counterparties (CCPs). However, since
energy companies pose no systemic risk to any part of the financial or energy market,
they should keep the possibility of hedging the risk directly linked to their commercial
activity without mandatory central clearing.
The proposal ERGEG, the European Regulators’ Group for Electricity and Gas, recently prepared
draft guidelines on fundamental data transparency to be adopted by the European
Commission via comitology.
Our position EURELECTRIC believes that the introduction of binding transparency requirements
across the EU will not only ensure a level playing field between market participants, but
will also improve further the level of market integrity and increase consumer confidence
in the proper functioning of markets.
The proposal I n December 2010, the Commission issued a regulation on energy market integrity and
transparency, proposing a “sector specific” definition of market abuse and a related
regulatory monitoring and enforcement model.
Our position EURELECTRIC welcomes this proposal and believes that a robust regulatory framework
should be introduced consistently across the EU. Moreover, the concepts of insider
dealing and market manipulation should be based on clear definitions, taking into
account accepted market practices and operational arrangements.
activity report 2010
25

activity report 2010
Emissions trading:
Implementing the third trading period
The review of the EU Emission Trading Scheme (EU ETS),
setting the framework for the third trading period 2013-2020
and beyond, was formally adopted in April 2009, but left many
elements related to its implementation to be further defined.
Following a preliminary consultation phase in 2009, the first
half of 2010 was therefore taken up by discussions on the text of
the draft Auctioning Regulation. As the electricity sector will be
the only sector exposed to full auctioning in 2013, EURELECTRIC
has been at the forefront in debating key issues with the European
Commission and national governments.
26
Given the step-change in the allocation method, from
the free allocation of allowances to auctioning, one
of the primary messages that EURELECTRIC
repeatedly put forward was the need to have access
to allowances for the third trading period (2013-
2020) by mid-2011. This would allow generators to
cover the CO 2 exposure of their forward electricity
contracts, which account for about 80% of total
generated volumes. On this issue, the EURELECTRIC
argument was only partially accepted by the European
Commission, with a specific provision in the
legislation allowing for early auctioning. However,
the political debate that accompanied the discussion
of the draft regulation has shifted the attention away
from this issue.
This shift was primarily due to two reasons. First,
the impact of the financial crisis has reduced carbon
emissions more strongly than expected, generating
a surplus of allowances banked into the next trading
period. Given the uncertainties in assessing the
overall impact of the financial crisis, the Commission
has not defined volumes and a calendar for early
auctioning. Despite EURELECTRIC’s efforts in
presenting figures – in line with the views of the
majority of market analysts – showing that the
volumes likely to be available in the market will be
inadequate, detailed provisions on early auctioning
are still not available.
A second element that influenced the debate was the
Commission communication in May which set out an
analysis of the proposal to move from a 20% to a 30%
greenhouse gas reduction target by 2020. Reaching
the more stringent target would clearly affect the
EU ETS. EURELECTRIC has assessed the Commission’s

underlying analysis on the basis of an unpublished
sensitivity in the EURELECTRIC Power Choices study
which examined the impact of moving to a -30%
target. With both the Commission document and
Power Choices based on the same model, EURELECTRIC
has probably been one of the best-placed organisations
to analyse the Commission figures. The dialogue that
followed strengthened the solidity of EURELECTRIC
arguments.
At the time of writing, the draft auctioning regulation
was expected to become EU law by the end of 2010.
In the meantime, EURELECTRIC has also engaged with
the Commission over the definition of benchmarks
as a basis for allocation rules, with the allocation for
the heating sector and the need to avoid potential
distortions in this market of particular relevance to
EURELECTRIC members.
activity report 2010
European legislation on Clean
Development Mechanism (CDM) credits
The European Commission announced in August 2010
plans to introduce further quality restrictions on the use
of credits from industrial gas projects in the post-2012 EU ETS,
citing concerns about their environmental integrity. Following
the invitation from the EU Commissioner for Climate Action,
Connie Hedegaard, EURELECTRIC submitted a letter which set
out the key principles the electricity industry would wish to
see adopted when introducing any such restrictions: timely and
objective criteria leaving no room to interpretation for identifying
the specific CDM asset class, no retroactive application
of legislation, and prior consultation supported by robust
analyses/impact assessments with all relevant stakeholders.
The European Commission presented its official proposal for
restrictions on 25 November 2010, just ahead of the climate change
negotiations held in Cancún, Mexico, the following month.
27

activity report 2010
An IncrEAsEd
And bETTEr usE
of ElEcTrIcITy
28
Over the past decades the electricity industry has increasingly de-coupled
electricity generation from fuel consumption, a trend that is expected to
become even more significant in the next 20 years (see figure below).
EURELECTRIC is convinced that these efficiency gains provide a solid
basis for a more intelligent use of electricity on the demand side as
well, including the deployment of smart grids and smart meters, the
electrification of transport and heating & cooling, as well as energy
efficiency measures.
% of 1990 Value
200
150
100
50
0
Electricity Generation & Fuel Consumption for electricity generation (1990 baseline)
Electricity Generation
Total Fuel Consumption for Electricity Generation
1980 1990 2000 2007
2008
2010 2020 2030
Source: EURELECTRIC Power Statistics 2010

Smart Grids
Turning the concept into reality: Preparing
electricity networks for the future
Page 30
Energy efficiency
With a new EU Action Plan expected for
2011, convincing consumers to invest in
efficiency measures remains a top priority
Page 33
E-mobility
activity report 2010
Highlights
How electricity can contribute to making
transport more sustainable
Page 34
29

activity report 2010
smArT grIds
prEpArIng ElEcTrIcITy
nETworks for ThE fuTurE
The vision of smart grids is well-established,
but turning it into reality is quite a different
story. In 2010, EURELECTRIC has been
committed to making smart grids more
concrete and defining the main challenges
involved in getting them off the ground. In
particular, EURELECTRIC has been active in
contributing and coordinating the industry’s
views within the European Commission’s
Task Force Smart Grids.
30
Current debates on European electricity distribution
networks inevitably focus on two main challenges:
integrating into the grid the low-carbon power sources
essential to reach the EU’s 20/20/20 targets and
facilitating well-functioning electricity retail markets.
Connecting the growing share of decentralised, often
intermittent generation capacities to the distribution grid
also presents unique challenges, in particular with regard
to balancing the grid. The paper on “Smarter Network
Management”, elaborated by EURELECTRIC’s WG Smart
Grids, outlines which technologies can assist distribution
system operators (DSOs) in coping with this challenge.
It is part of a wider exercise aimed at making the concept
of smart grids more concrete for European policymakers.
One advantage of smart grids is their contribution to
well-functioning electricity retail markets and a more
active demand. For instance, smart meters, which will
be rolled out across the EU following the adoption of
the 3 rd Electricity Directive, will play an essential role
in fostering more active demand-side participation,
allowing customers to better monitor and manage their
consumption and to switch suppliers.

Yet despite these advantages, the implementation of
smart grids is still beset by a number of challenges which
hamper Europe’s DSOs in their efforts to get smart grids
up and running. These barriers have been pointed out
by EURELECTRIC in its response to ERGEG’s consultation
on smart grids. On smart metering, EURELECTRIC has
repeatedly stated throughout the year – be it in its policy
statement on smart meters or in its response to the ERGEG
consultation on regulatory aspects of smart meters – that
reaping the full benefits of smart meters requires three
conditions to be met. First, the interoperability of smart
metering systems must be safeguarded. Second, smart
meters should only display essential functionalities so
as to reconcile cost-efficiency with customer choice and
markets. Finally, national regulators should indicate
that smart meter roll-outs will be tariff-financed, given
that the benefits of smart metering are spread along
the entire length of the electricity value chain and reach
even beyond to society as a whole.
Overall, investments in smarter grids will require a
redesign of the current financing model applied by the
national regulators to DSOs – a point stressed in this
Successful EURELECTRIC smart grids conference
On 13-14 April 2010, EURELECTRIC organised a policy workshop entitled “How Will
Smart Grids Change the Face of Europe’s Electricity Distribution and Consumption?”
The conference brought together about 130 participants. Among the highlights were
the keynote speeches by European Commissioner for Consumer Policy John Dalli
and by Philip Lowe, Director General of the European Commission’s DG ENERGY.
The conference also represented a welcome opportunity for European DSO managers
to present their views on smart grids and regulation.
year’s EURELECTRIC report on Economic Regulation for
European DSOs. In line with the European Commission’s
intention, set out in the Energy Infrastructure
Package, of assessing the need for further legislative
measures to encourage the implementation of smart
grids, EURELECTRIC DSO regulation experts are now
assessing EU regulatory ‘good practices’ in incentivising
investments in order to develop policy recommendations
for the EU. Currently, DSOs are indeed subject to a
regulatory framework which is geared to maximise
operational expenditure efficiency, with the ultimate
aim of achieving price reductions for customers. But
for the necessary investments to occur, the regulatory
framework should allow a fair rate of return and
reward both innovation and risk-taking. Several
members of EURELECTRIC’s Working Group Smart Grids
contributed to the Commission’s Task Force on Smart
Grids, in particular on issues related to the roles and
responsibilities of competitive and regulated actors in a
smart grids environment along with the funding of smart
grids. In short, smart grids can be expected to deliver a
number of benefits, but will also need smart regulation
to fulfil their full potential.
activity report 2010
31

activity report 2010
32
The past year has seen several structural
developments take place within
EURELECTRIC. Jan Peters, Director for
Asset Management at Dutch Distribution
System Operator (DSO) ENEXIS
and Chairman of the EURELECTRIC DSOs
Directors’ Gathering, explains the changes
and what they mean for EURELECTRIC’s
future work.
Mr Peters, you are the chairman of the new
“EURELECTRIC DSOs Directors’ Gathering”. Can
you explain what this body is and what prompted its
development?
In recent years, it has become increasingly clear that
European Distribution System Operators (DSOs) have
a new mission: contributing to the European 20/20/20
objectives and facilitating a working electricity retail
market. DSOs are increasingly going beyond their
traditional role of providing quality electricity to
consumers at low cost, and they are therefore facing
new challenges regarding investments and operations.
At the same time, DSOs have a strong desire to
communicate to the European energy scene with a
clear and common DSO voice.
To better reflect this evolution and to tackle
distribution issues more efficiently, EURELECTRIC
has decided to reinforce the DSO representation in its
structure. We have therefore set up a new strategic
body – the DSOs Directors’ Gathering – which I have
the honour to be chairing. Its 20 full members were
elected in June, at a meeting representing more
than 2,000 DSOs across Europe. Livio Gallo, Director
Infrastructure and Networks, Enel, was elected as
Vice-Chairman.
interview
DSOs have to convince policymakers
that funding of smart grid demonstration
projects is vital
So what is the relationship between this new
body and EURELECTRIC? How do you contribute
to EURELECTRIC’s activities?
The mission of the DSOs Directors’ Gathering is simple:
we aim to contribute to EURELECTRIC’s overall strategy
and working programme on DSO issues, bringing our
unique point of view to the table and ensuring that
DSO issues are represented within the overarching
EURELECTRIC structure. Indeed, more than 100
distribution experts are actively involved in the various
EURELECTRIC working groups which are supported
by the EURELECTRIC Networks Unit. The expertise which
we bring into these working groups extends to a variety
of fields, including network regulation, customer
relations, grid operation, smart grids, standardisation
and electric vehicles.
A truly wide range of issues. Which of these do
you consider most pressing; what do you see as
the major challenges that DSOs will need to address
during the upcoming year?
Looking ahead, I see two main upcoming strategic issues.
The first concerns a redesign of national economic
regulation. It will be absolutely necessary to ensure
that the regulatory framework delivers real incentives
for DSOs to increase investments, keeping in mind
that today’s investments will stay in place for many
decades to come, paving the way for a carbon-neutral
electricity sector in 2050 and assuring future quality
by replacing ageing grids. Secondly, we need to clarify
the important role of smart grids in this context.
DSOs have to convince policymakers that funding
of smart grid demonstration projects, as proposed
within the European Electricity Grid Initiative, is vital.
Demonstration projects allow us to test technologies
and gain knowledge before going into the investment
phase. The first common target of the DSOs Directors’
Gathering is therefore the publication of a communication
brochure, “The 10 Steps Towards Smart Grids”.

Energy efficiency
The European Commission was expected to publish in
2010 a new Energy Efficiency Action Plan, revising the
current action plan which was published back in 2006.
However, Günther Oettinger, the newly appointed
Energy Commissioner, postponed the release of the
new action plan to the beginning of 2011. Nevertheless,
EURELECTRIC has actively engaged with the European
Commission and relevant stakeholders throughout
2010, contributing to the debate on measures to foster
energy efficiency in Europe within a coherent energyclimate
framework.
In particular, EURELECTRIC organised a conference, in
cooperation with the IEA Demand Side Management
Programme, on the promotion of energy efficiency
measures within the electricity sector. The event
was organised within the framework of the annual
EU Sustainable Energy Week. EURELECTRIC also
participated in the Bucharest Forum on Sustainable
Energy Wisdom Programme
The 2010-2011 edition of EURELECTRIC’s
Energy Wisdom Programme (EWP) was
officially launched on 4 May in the
European Parliament, in the presence
of 14 Members of the European
Parliament and the head of the
European Commission’s energy
efficiency unit. Featuring over 200 projects,
the report showed a reduction of approxi mately
180Mt CO 2 eq. emissions, and fuel savings of 18 Mtoe.
Nineteen companies, accounting for more than one third
of the total EU-27 power generation, participated in
Energy, organised by the European Commission, which
discussed the future energy efficiency action plan.
In addition, the European electricity sector has played
an active role in the energy efficiency debate at the international
level. In June and July, EURELECTRIC participated
in various stakeholder meetings organised by the
International Energy Agency (IEA) aimed at reviewing the
current IEA Energy Efficiency Policy Recommendations.
Finally, in the last quarter of 2010, EURELECTRIC began
drafting a position paper on energy efficiency, as well
as launching a survey among distribution and retail
companies to assess their involvement in the promotion
of energy services for consumers and to identify
opportunities and barriers that need to be addressed. Both
activities are expected to be finalised and communicated
in the first quarter of 2011, in parallel with the publication
of the European Commission’s Action Plan.
this edition – more than ever before. This increase can
be attributed to a number of innovations in the report,
including streamlining the project to bring it in line with
the 2050 carbon-neutrality objective laid down in the
EURELECTRIC Power Choices study, a strong focus on
promoting innovation in the electricity sector, a dedicated
space for individual CEO messages within a European
framework, a special area for project managers, and a
tailor-made promotional campaign.
A voluntary initiative launched by EURELECTRIC in
1998, the EWP allows electricity companies to showcase
their activities on improving energy efficiency and
reducing greenhouse gas emissions. Preparations for
the 2012-2013 edition will begin in spring 2011.
activity report 2010
33

activity report 2010
Electric Vehicles – ensuring the
necessary public charging infrastructure
EURELECTRIC is convinced that electricity is a solution for making
transport more sustainable. Using low-carbon electricity in the
transport sector can decrease greenhouse gas emissions, achieve
energy-efficiency gains through the greater efficiency of electric-drive
trains, decrease the EU’s oil dependence, and help to maintain the
EU’s competitiveness by taking the lead in these new technological
developments.
34
Against this backdrop, EURELECTRIC’s Task Force
Electric Vehicles seized the opportunity to contribute
to the discussion on the future mass roll-out of electric
vehicles (EVs) in general, and of the required public
charging infrastructure in particular. Its concept paper
on market models for the roll-out of EV public charging
infrastructure, published in September 2010, identifies
four possible market models, taking three important
roles within the value chain of e-mobility electricity –
distribution, operation of infrastructure, and retail – into
account. Depending on the market model, the three
activities fall under the responsibility of different actors.
For instance, EV charging stations can be considered
either as part of the distribution infrastructure or
as a separate, stand-alone part of the value chain,
resulting in very different implications for the roles and
responsibilities of the stakeholders involved.
The paper was released at a EURELECTRIC conference
on electric vehicles on 27 September 2010 in Brussels,
which brought together some 150 delegates from across
Europe and a diverse range of industries. In his keynote
speech, EU Commissioner for Energy Günther Oettinger
stressed the role of e-mobility in decarbonising the
European economy and urged participants to “work
hard to make electric cars a common sight on our
streets.” The conference also touched upon the issues
of standardising EV charging equipment and the
environmental footprint of EVs.
In a separate development in line with the declaration
on standardising electric drive technologies, published
by EURELECTRIC in 2009, the European Commission
mandated the European standardisation bodies CEN/
CENELEC and ETSI to develop by 2011 a standardised
charging interface to ensure interoperability and
connectivity between electricity supply points and EV
chargers. Safety risks and electromagnetic compatibility
as well as smart charging will also be considered.
A Focus Group on electro-mobility has been created in
which EURELECTRIC is taking part.
In the meantime EURELECTRIC’s Task Force Electric
Vehicles took part in the Expert Group on Future

Transport Fuels, set up by the European Commission’s
DG MOVE in April 2010 to compile a stakeholders’
report on roadmaps for substituting oil in the transport
sector. EURELECTRIC provided its views on how
electricity can contribute to cleaning up the transport
sector. In addition, the European Commission officially
re-launched in November 2010 the high-level group
CARS21, following the Commission’s communication
on clean and energy-efficient vehicles in April. Focusing
on competitiveness and sustainable growth, CARS21 is
part of Europe’s industrial policy managed by DG ENTR.
The box on this page presents an overview of further
upcoming EURELECTRIC e-mobility activities.
E-mobility – what next?
activity report 2010
2011 promises to be a busy year in terms of electro-mobility:
• The European Commission’s White Paper on Transport, expected
for early 2011, will set out general transport policy measures and
targets for the coming decade, thus providing the backdrop for
EURELECTRIC’s upcoming e-mobility activities. EURELECTRIC
participated in the preparation of the White Paper through a number
of public stakeholders’ conferences, underlining the important role
electric vehicles can play in decarbonising the transport sector.
• EURELECTRIC is part of the project consortium behind Green
E-motion, a project aimed at developing a European framework
for electro-mobility. Starting in March 2011 and stretching over
four years, the project will enable participants to share knowledge
and experiences of on-going e-mobility demonstration projects. It
will contribute to developing a marketplace for electric vehicles,
as well as advancing services, test standards and interoperability,
and widening consumer awareness and acceptance.
• The European Commission is due to publish a Communication on
transport in May 2011, identifying pathways for oil substitution
in the transport sector. The communication will rest upon the
conclusions of the Expert Group on Future Transport Fuels, set
up by the Commission in April 2010 and in which EURELECTRIC
was represented.
• EURELECTRIC has been invited by the European Commission to take
part in the re-launch of the high-level group CARS21. The group’s
objective is to develop a realistic vision for the EU automotive
industry and sustainable mobility in 2020 and beyond. The adoption
of the final report is foreseen for spring 2012.
35

activity report 2010
sTrong, rElIAblE
pArTnErshIps
And frAmEwork
condITIons
36
A strong, reliable and well-functioning electricity sector requires solid foundations, including
continuous dialogue with social partners, international cooperation, and a sound financial and
regulatory framework. EURELECTRIC is also working for a consistent European and international
emissions framework, which will enable the sector to achieve a smooth transition to carbonneutrality.
According to our latest figures, CO 2 emissions from electricity generation fell
by 33% in relative terms between 1980 and 2008, and could be more than halved by 2030.
% of 1990 Value
200
180
160
140
120
100
80
60
40
20
0
Electricity generation & CO2 emissions (1990 baseline)
Electricity Generation
Electricity-related CO2 Emissions
1980 1990 2000 2007
2008
2010 2020 2030
Source: EURELECTRIC Power Statistics 2010

Electricity Social Dialogue
Responding to the needs of electricity
sector employees
Page 38
The Effects of the
Financial Crisis
Highlights
A new report shows how the European
electricity industry has been hit by the
constrained overall financial climate
Page 39
Cooperation beyond Europe
A look at power sector cooperation
at the international level
Page 41
activity report 2010
37

activity report 2010
Working Group Social Affairs & Human Resources
Electricity Social Dialogue:
Supporting the Needs of Employees
As a social partner representing the employer side, EURELECTRIC
recognises the importance of the electricity sector’s social dialogue in
addressing sector-wide issues with the European trade union bodies
EMCEF and EPSU, and with the support of the European Commission.
EURELECTRIC social affairs representatives undertook a number of
activities in 2010, aimed at maintaining and improving the necessary
framework for a smooth functioning of the European electricity sector.
38
Joint Project on Climate Change,
Employment Impact and Just Employment
Transition Principles
Social affairs activities during 2010 focused predominantly
on this joint project, which analysed measures taken
by the electricity sector to address climate change with
regard to their impact on sector-related employment,
working conditions, skills and qualifications. The study
also assessed the employment implications of the
EURELECTRIC Power Choices study, which looks at
pathways to a carbon-neutral power sector by 2050.
Following on from the Social Dialogue Committee’s earlier
work on equality and diversity, demographic change and
restructuring, the results of this joint project were officially
unveiled in December at a final conference in Brussels.
The study provides an important stepping stone towards
anticipating future restructuring caused by climate change
and developing a forward-thinking agenda to ensure a
policy framework that encourages employment and the
improvement of living and working conditions.
EU Energy Strategy 2011-2020
In addition to its input as an individual association,
EURELECTRIC also contributed within the electricity
Social Dialogue Committee to the European Commission’s
public consultation on the new EU Energy Strategy 2020.
The committee’s response underlined its key role in
addressing the social dimensions of future energy policies
and its willingness to cooperate closely with DG Energy,
not least on identifying the necessary measures to tackle
job skills and needs in moving to a low-carbon energy
system. The committee also stated that it would like to be
more strongly involved in the impact assessment of new
policy measures. With a communication from the European
Commission published in November 2010, this issue is
likely to constitute an important bulk of EURELECTRIC’s
activities in 2011.
Smart meters
Also in the framework of the electricity Social Dialogue
Committee, EURELECTRIC and trade unions EPSU and
EMCEF discussed the implications which a roll-out of
smart meters would have on employment in the electricity
sector. At time of writing, a joint position on this issue was
expected to be adopted in mid-December 2010, stressing
that impacts could be negative, with certain occupations
and jobs disappearing, but also positive, in that the rollout
of smart-meters would create new jobs requiring new
skills and qualifications. As a consequence, social partners
underlined the need for careful planning, implementation
and monitoring, as well as the importance for companies
to ensure appropriate training for the workers concerned.
Workers’ exposure to electromagnetic
fields
As of 2009, the European Commission is obliged to
consult the European social dialogue partners when
proposing any new policy that will have a social impact
on the sector concerned. Accordingly EURELECTRIC and
European trade unions EPSU and EMCEF participated in
the second consultation on the review of the EU directive
on workers’ exposure to electromagnetic fields (EMF).
Drafted by the Working Group Environment & Society
in cooperation with the Working Group Social Affairs &
Human Resources, the EURELECTRIC response stressed
that any future EU initiative should rest upon a sciencebased
approach to limiting high EMF exposure, as laid
down in the 2004 EMF Directive. A new directive is
expected at the beginning of 2011 and will be followed
closely by EURELECTRIC in the coming year.

Focus Group Enterprise Risk Management
Identifying Financing Costs
and Risks
EURELECTRIC’s Focus Group Enterprise Risk Management
(ERM) is currently working on a comprehensive report
called “Risk analysis and recommendations on the Power
Choices Study”. The first part of the study analyses
markets volatility and its effect on the cost structure
of the electricity sector, with a particular view to the
expected effects on financing costs. It reveals that the
supply-demand balance for physical oil (the so-called
“wet barrel”) is not the only factor to influence oil
price behaviour. Rather, other logics related to financial
investments seeking higher yield and/or diversification
(the so called “paper barrel”) might become even more
relevant. Furthermore, the study concludes that high
CO 2 price volatility is currently deterring investment in
long-lived, capital-intensive, low-carbon technologies,
although the EURELECTRIC Power Choices study shows
that those technologies will represent the most important
share of capital expenditures until 2050. Remunerating
those power plants in fully liberalised markets, with
Focus Group Finance & Economics
The Effects of the Financial Crisis
EURELECTRIC’s Focus Group Finance and Economics
has analysed how the financial crisis has affected the
European electricity industry. The report, published in
December 2010, shows that the sector was affected by
the credit crisis not so much in terms of a reduction in the
available debt volumes, but especially in terms of debt
costs, which soared as companies had to pay higher risk
premiums to refinance their debts.
Weak electricity demand, falling electricity prices, the
need to refinance debt under strained capital market
conditions and stringent analysis from financial
analysts and credit agencies have obliged electricity
companies to reinforce their balance sheets by
introducing cost-cutting programs, setting aside
power prices highly dependent on fuel prices, makes
investors demand a high compensation for these risks.
The study’s quantitative analysis shows that a reduction
in Weighted Average Cost of Capital (WACC) of 1% implies
a re duction of almost 8% in the annual capital cost burden
of the power industry in 2050. This finding reinforces
EURELECTRIC’s regular calls for a sound and stable
regulatory framework which can reduce the uncertainty
of future cash flows and thus the power industry’s cost of
capital to the benefit of consumers.
In a second step, the paper will explore how counterparty
risk has been increasing with the financial crisis. It will
quantify the cost impact of various counterparty risks
on the companies’ balance sheets. Further chapters will
treat liquidity, regulatory and technology risks.
The paper is expected to be published in the course of 2011.
assets for disposal, implementing capital increases
and reducing capital expenditure.
Nevertheless, companies could not make the necessary
adjustments at will. Capital expenditure programmes, in
particular due to their long-term licence and construction
periods, were too rigid to permit prompt cutbacks. As
a result, companies’ investment efforts receded slowly
and their leverage ratio (debt/equity ratio) continues to
increase. Compared to other sectors, the electricity industry
shows a persistent tendency to increase its leverage
ratio. The interim report hence concludes that the current
indebtedness and the limited scope of divestment plans
in relation to the amount of necessary investments will
probably result in additional equity issuance operations.
activity report 2010
39

activity report 2010
40
Fourth Environment
and Sustainable
Development Report
In April, EURELECTRIC published its
fourth Environment and Sus tainable
Development Report, building on the
legacy of the previous editions.
Apart from environmental data, this
report broadened its scope by
including additional economic
and social data, thus covering all
three pillars of sustainability. The scope
of the report has also broadened in geographical
terms: it now includes data for the whole EURELECTRIC
membership, which comprises the EU-27 and six non-EU
states (Croatia, Iceland, the Former Yugoslav Republic of
Macedonia, Norway, Switzerland and Turkey). The report
illustrates the continuing decoupling between electricity
generation and electricity-related emissions (CO 2 , SO 2
and NO x ) and the increasing importance of renewable
energy sources (RES) in the total electricity generated.
The report can be downloaded at http://www2.eurelectric.
org/content/Default.asp?PageID=1014
Consultation
on Creosote
Creosote is used as a wood preservative in particular for
transmission and distribution poles in the electricity
sector. Participating in a European Commission
consultation in 2008, EURELECTRIC supported the
inclusion of creosote in Annex I to Directive 98/8/EC
on Biocides, allowing its use on transmission and
distribution wooden poles. This year, EURELECTRIC
members provided further input to policymakers,
when the standing committee for the implementation
of the directive finally debated the creosote issue.
Failing to reach the required majority for a final
decision, the committee has now transferred the issue
to the Council.
Adapting
to Climate Change
In January 2010, EURELECTRIC launched its Task
Force on Adaptation to Climate Change. Members are
keen to exchange experience and build knowledge
on adaptation issues, as well as prepare the power
sector for the EU’s adaptation strategy, expected
for 2013. EURELECTRIC is also represented in the
Adaptation Steering Group, established by the
European Commission to guide the integration of
adaptation into EU policies, define the EU’s adaptation
strategy, exchange information and share best
practices, and take forward the technical analysis of
adaptation issues.
Adaptation to climate change is also being considered
in the framework of the implementation of the Water
Framework Directive. EURELECTRIC experts continued
to make a valuable contribution to this issue and
others relevant to the activities of the electricity
industry, such as the drafting of Technical Guidelines
on mixing zones.
Health & Safety
Newsletter EURELECTRIC’s Sub-Group
Health has developed a
newsletter “Health &
Energy”, aimed at raising
awareness of health-related
issues among EURELECTRIC
members. The first edition
was published in October
2010, with the next expected for spring 2011. The
newsletter will also be one of the pillars of the online
archive established by the Working Group Environment
& Society to share best practices on risk communication
and health issues.

Cooperation beyond Europe:
The International Electricity Summit
The International Electricity Summit has since 1993 brought
together, on a regular basis, senior executives from the
electricity industry in Europe, Japan, the USA, Australia and
Canada to discuss issues of common concern in an informal
setting. The meetings have developed fruitful relationships
between the associations and senior executives from
these continents, as well as continuing to develop a real
understanding of the various trends in the international
electricity industry. In discussing the issues facing the
sector, the objective is to work towards establishing
a common voice to provide a basis for sustainable
development in the industry in the future.
The 12 th summit took place in Kyoto, Japan from 11 to 13
April 2010. The eight-strong European delegation was
led by EURELECTRIC President Lars Josefsson and
Vice-President Fulvio Conti.
After two days of intensive discussion the representatives
of the five associations issued a joint statement re-affirming
their common goal of achieving a low-carbon future.
Calling attention to the leadership of the industry in
addressing climate change, they noted that:
• Electricity is key to implementing solutions to climate
change.
• Electricity is key to a sustainable future.
• Electricity is key to achieving greater energy efficiency.
• Electricity is key to economic growth and job creation.
They also identified seven major areas on which to work
together with their governments:
• The role of the electric power industry in encouraging
a shift to a low-carbon society;
• Supply-side initiatives for reducing CO 2 emissions;
• Renewable energy;
• Nuclear power;
• Thermal power generation;
• Power transmission and distribution networks;
• Demand-side initiatives for higher energy efficiency.
EURELECTRIC is currently preparing for the next International
Electricity Summit, which will be hosted by
Italian utility ENEL in Rome, 9-11 October 2011.
Roadmap for a Low-Carbon Power Sector
The International Elec tricity Partnership
(IEP), inaugurated at the
International Electricity Summit
in October 2008, has since
produced a roadmap as a
global vision to be shared
by electric power industries
in various countries,
including developing countries. IEP
will serve as the platform for identifying and working
together on common challenges toward a low-carbon
society.
Based on their joint “Roadmap for a Low-Carbon Power
Sector by 2050,” the IEP was set an industry goal of
developing national or regional emission reduction
trajectories toward a low-carbon future. Further, these
emission reduction trajectories would be based on a
common measure of carbon emission intensity and include
suggestions for appropriate policies and measures for
each economy within governmental requirements.
During the year, the IEP, led by its co-ordinator Dr Bill
Kyte, has met in the context of meetings of the UNFCCC
negotiating process to develop the trajectories.
The meetings culminated in a joint workshop with the
Mexican government at COP 16 in Cancun on 8
December 2010 at which the IEP-drafted text on the
role of the electricity sector in the mitigation of climate
change was presented to the COP President.
activity report 2010
41

activity report 2010
Industrial Emissions
Directive: Delivering Input
on Industrial Emissions Regulation
Discussions on the Industrial Emissions Directive (IED) continued
throughout the year, with the European Parliament and the
Council reaching a second-reading agreement on the text in
June. Most notably, legislators agreed to introduce a number of
transition mechanisms for existing large combustion plants from
2016 onwards, while dropping the originally planned adoption of
minimum requirements for all industry sectors.
42
In 2010, as the procedure entered into its second reading,
EURELECTRIC pursued its dialogue with policymakers,
expressing its concerns over the new emission limit
values that would apply to existing large combustion
plants. The Council’s common position, formally adopted
in early 2010, reflected those concerns, also expressed by
a number of member states. However, the Parliament’s
Environment Committee, in its legislative report for the
second reading, reduced the scope of the proposed
measures. In the ensuing negotiations, the co-legislators
reached a compromise on those highly debated issues.
Under the agreed text, member states will have the option
to set transitional national plans from 1 January 2016 to
30 June 2020 or to exempt combustion plants from the
IED requirements under a limited lifetime derogation of
17,500 hours, running from 1 January 2016 to 31 December
2023. Special derogations also apply to small isolated
systems and to district heating. While plans for blanket
minimum requirements have been dropped, the
European Commission, when reviewing the directive’s
implementation, will be able to decide whether certain
sectors should nevertheless be subject to minimum
requirements for emission limit values and rules on
monitoring and compliance.
The new directive also mandates that the conclusions of
the Best Available Techniques Reference Documents
(BREFs), which are used by competent authorities in
member states when issuing operating permits for
installations representing a significant pollution potential
in Europe, should be adopted through the comitology
process, rather than being published by the Commission
as was previously the case. Within this process, authorities
would only be able to set less strict values in very specific
cases and after an assessment showing that achieving
emission levels associated with the best available
techniques would lead to disproportionately high costs
compared to the expected environmental benefits.
However, permits will need to include conditions ensuring
that emissions do not exceed the emission limit values
laid down in the directive. The joint EURELECTRIC/
VGB-Powertech group is currently preparing the power
sector’s contribution to the upcoming revision of the
sector BREF.
The attempts by some MEPs to introduce a CO 2 emission
performance standard for large combustion plants in
the IED were unsuccessful. This rejection was in line
with EURELECTRIC’s argument that the EU Emissions
Trading System (EU ETS) is the appropriate instrument
to regulate CO 2 emissions and that the industry should
not be subject to two separate sets of legislation.
The IED was eventually adopted by the Council in
November 2010, paving the way for a rapid entry into
force on 6 January 2011.
A new emissions trading scheme
for air pollutants?
The possible introduction of an emissions trading
scheme for industrial gases SO 2 and NO x was also
debated in the framework of the IED, although later
set aside as a separate issue. Studies commissioned
by DG Environment concluded that the establishment
of an EU-wide scheme would be the best option and
have positive economic effects. In spite of its overall
support for market-based instruments, EURELECTRIC
has expressed strong doubts about the desirability
and applicability of such a scheme, not least
because the significant emissions reductions already
achieved within the sector – and foreseen for the
future – raise strong doubts about the liquidity in the
market. Moreover, such a scheme would potentially
conflict with local air quality requirements. With the
ball now in the court of the European Commission,
EURELECTRIC remains prepared to provide further
input if necessary.

spotlight on EurElEcTrIc
how we work
Annual Convention and Awards
Our partners: Interview with VGB
Our structure
Our members
EURELECTRIC Board of Directors
activity report 2010
43

activity report 2010
EURELECTRIC Annual Convention
and Conference - Highlights
44
More than 500 delegates, including policymakers, high-level industry representatives and
international stakeholders from around the world gathered in Dublin from 14-15 June to
discuss issues related to the “New Energy World”, the underlying theme of this year’s
Annual Conference. Hosted by Electricity Supply Board (ESB) and National Electricity
Association (NEA) of Ireland, the event focused on pressing industry and EU challenges
for the 2020-2050 horizon which were tackled under three distinct topics – clean energy
paradigm, wholesale and retail markets, and renewables. A closing CEO debate focused
on the state of the energy business with respect to CO reduction, security of supply,
2
and liberalisation.
The two-day Dublin conference was EURELECTRIC’s first climate-neutral event. In
cooperation with Swiss association myclimate EURELECTRIC contributed financially to
a specific carbon offset project aimed at offsetting the unavoidable climate-impacting
emissions resulting from the convention.
The EURELECTRIC event also included a parallel exhibition “Elements of the New World”
as well as the presentation of a EURELECTRIC and student award (see article on page 48).
In 2011, the industry association’s annual event will be hosted by Svensk Energi and Vattenfall
from 13-14 June in Stockholm, Sweden. The focus will be on investments, in particular the
current investment climate and prospects and risks vis-à-vis investment needs.
Full conference proceedings of the Dublin event can be downloaded from www.eurelectric.org.

Opening Speeches
Appraisal from our Sponsors
We attend year in year out because the convention has the perfect balance
between high-level participants and thought-provoking presentations.
Luca Cesari, Utilities Global Managing Director, Accenture (Gold Sponsor)
The annual EURELECTRIC conference is a great opportunity to discuss key
energy issues with our colleagues and clients in the electricity industry.
Matt Brown, Head of London Office, Pöyry Energy Consulting (Silver Sponsor)
We are pleased to attend this event as it is an ideal occasion for participants to
share high-level experiences, through innovative and high impact presentations.
Thierry Delmas, Ormazabal International Business Director (Bronze Sponsor)
We are building the energy world of tomorrow. New technologies need to be developed,
networks need to become smarter, the European energy mix will take on a new shape, and
the customers will play a more active role in managing their energy consumption. All these
changes are necessary to achieve a secure and carbon-neutral power supply by 2050.
Lars G. Josefsson, President of EURELECTRIC
Climate change is a very clear illustration of the challenges posed by the growing
interdependence of our world. We know that a meaningful response to climate change cannot
happen in isolation and consequently there must be a well-coordinated and well-led global
response … Deploying the most modern technologies is very important in controlling future
energy supply and demand and integrating wind into the electricity grid.
Brian Cowen T.D., An Taoiseach (Irish Prime Minister)
Local authorities, EU institutions and electricity sector should work in partnership to define
sustainable policies.
Councillor Emer Costello, Lord Mayor of Dublin
Secure and sustainable energy supplies can only be achieved within large integrated markets.
Günther Oettinger, European Commissioner for Energy
activity report 2010
45

activity report 2010
46
Session 1
The Clean Energy Paradigm: Meeting the Climate Challenge Together
This [the sector’s 2009 CEO Declaration on carbon-neutral
electricity] is not a blank cheque from the industry. In order to
succeed, proper support from the institutions is needed.
Fulvio Conti, EURELECTRIC Vice President
We are willing to collaborate with our counterparts in Europe,
to strengthen international cooperation and exchange
on key areas such as UHV, clean energy, grids integration
and energy storage. With our joint efforts, we will share our key breakthroughs and
innovative results, and make our joint contribution to combating climate change and
fostering global environmental protection.
Wang Min, Senior Advisor to the President of the State Grid Corporation of China (SGCC)
Session 2
Reaching The Customer:
From Regional Wholesale to Seamless Retail Markets
If we cannot create public acceptance and make stakeholders out of
customers, we will not be able to roll-out smart meters.
Peter Birkner, Chairman of EURELECTRIC’s Networks Committee
The Third Energy Package provides a firm basis for action.
Philip Lowe, Director-General for Energy, European Commission
DSOs should not wait for standardisation to be completed but instead use their purchasing
power to incentivise smart metering manufacturers to cooperate, as this is the quickest way
to reach interoperability.
Andreas Umbach, President and COO of Landis+Gyr

Session 3
RES – Breaking the Inertia
A resource-efficient Europe is not only worth it, but essential.
Janez POTOC˘NIK, European Commissioner for Environment
Flexibility is key for grid integration of variable renewable energy … Large-scale
integration of renewables is achievable at a cost, and will require significant investments
in transmission and coordinated planning.
Ian Cronshaw, Head of Energy Diversification, IEA
Closing Session
Executive Forum and CEO Debate
For carbon costs, renewable subsidies and all investments across
the value chain, about 900 billion euro investment above normal
replacement expenditure is estimated for infrastructure oriented
towards the 20-20-20 targets.
Luca Cesari, Utilities Global Managing Director, Accenture
A common market needs to guarantee free flows of electricity,
investments and cash; this is not happening at the moment.
Fulvio Conti, Vice-President of EURELECTRIC
Governments focus on sorting their own problems first, before looking at the global picture
… The big challenge is to drive funds into R&D to develop or improve these technologies,
but the budget is just not there.
Padraig McManus, CEO of ESB
We don’t really need R&D. What we need is D&D: Development and Deployment.
Ian Marchant, CEO of SSE
We should work on finding a commonly understood trajectory in emission reductions.
Committing our industry to carbon-neutrality by 2050 was a first step, but the sector should
now reassure policymakers of its intention to undertake early actions for carbon reductions.
Lars G. Josefsson, President of EURELECTRIC
activity report 2010
47

activity report 2010
EURELECTRIC Award 2010
2010 also saw EURELECTRIC venture into the
world of social media, with its blog on energy
affairs going public in September. Powering
the Debate offers a forum for discussion on a
wide range of electricity-related topics, ranging
from electric vehicles to the energy mix of
the future. Posts are published on a monthly
basis and have so far included contributions
from academics, policy experts and electricity
sector stakeholders alike. But the initial input
provided by our guest contributors is only
2010
In line with the electricity industry’s commitment to carbon neutrality by
2050, this year’s EURELECTRIC Award was handed to two extraordinary
and visionary persons – J. Christer Ericsson, Chairman of the Board of the
Swedish corporation JCE Group AB, and Luis Echavarri, Director General of
the OECD Nuclear Agency in Paris. The award is recognition of these persons’
contribution to the promotion of low-carbon power technologies – biomass
in the case of Mr Ericsson and nuclear in the case of Mr Echavarri. The award
was presented by Paul Bulteel, former Secretary General and Electricity
Ambassador for EURELECTRIC.
A student prize was also awarded to Patrick McCartan from the Dublin
Institute of Technology for his innovative proposal for a Global Electricity
Community Programme – a joint forum for industry and government leaders
from around the world to commonly address the climate challenge and build
a worldwide supergrid.
EURELECTRIC Blog Goes Public
48
part of the picture: much of the blog’s value
and relevance will stem from the interaction
the posts generate in the form of thoughtful,
insightful and controversial comments. We
hope to further develop the blog into a platform
for lively and engaging debate, and warmly
invite all EURELECTRIC members, as well as
any interested members of the wider public,
to participate in the conversation!
The blog is on-line at: http://blog.eurelectric.org/

eurelectric
annual conference 2011
stockholm 13-14 june 2011
delivering investments
to meet europe’s energy
& climate needs
Hosted by
Sponsored by
activity report 2010
49

activity report 2010
Our Partners
50
Generation
Distribution
EURELECTRIC works in cooperation with a number of associations and organisations
whose expertise supports and assists our strategic analysis and policy work. Besides
the many and varied instances of ad hoc cooperation with a broad range of stakeholder
representatives, EURELECTRIC has a formal cooperation arrangement with organisations
in various fields of expertise.
Renewables
Social
Dialogue
Transmission
Emissions
Trading
Energy cooperation
EPC-CIS
Standardisation
Electric Vehicles
Research
Electric Lighting
Electric
Applications

partner in focus
Well-organised and successful cooperation
between EURELECTRIC and VGB has strengthened
the electricity sector in Europe
The well-established cooperation between
VGB and EURELECTRIC on power generation
issues has proved its worth. Yet
the challenges ahead make continued
cooperation more necessary than
ever, argues Dr Karl A. Theis, Executive
Managing Director at VGB PowerTech.
Mr Theis, VGB celebrated its 90 th anniversary
this year – a proud moment for you?
Yes, very much so. VGB was founded in 1920 by
representatives of the electricity and chemical
industries. Their motto: “Jointly committed to safety,
optimum availability, high economic efficiency and
environmental compatibility!” I am proud to say that
this is still very much part of VGB PowerTech’s agenda
today. As the European technical association for power
and heat generation, VGB currently has 483 members
from 34 countries, representing an installed power
plant capacity of 520,000 MW.
VGB PowerTech has a formal cooperation
agreement with EURELECTRIC. Can you expand
a bit on recent cooperation efforts between these two
longstanding partners?
Over the past ten years, we have established a very
well-organised and successful cooperation between
EURELECTRIC and VGB to strengthen the role and
position of the electricity sector in Europe. Generally
speaking, VGB provides its skills and expertise
concerning the generation of heat and power, including
environmental issues, related technologies and practical
research and development projects.
A concrete example of recent collaboration can be seen
in VGB’s support for the EURELECTRIC Power Choices
study, which shows that it is feasible to attain carbonneutral
electricity in Europe by using the entire range of
electrical technologies and applications. Meeting the
ambitious targets of industry and politics will require
measurements for increasing energy efficiency,
deployment of new renewables, new nuclear power
plants, as well as carbon capture and storage techniques
for fossil-fired power plants.
What about the future: what do you see as the
main challenges concerning electricity generation
– and are there already any new cooperation projects in
the pipeline?
The future electricity system will undoubtedly become
much more complex and challenging. With the intelligent
use of efficient application technologies, electricity will
be decisive in solving important problems of the entire
energy supply system. Regarding power generation, the
main areas of future work include efficiency increases
and process optimisation, higher operational flexibility
and optimisation of back-up capacity including storage
facilities. Great efforts are still necessary to further
develop these technologies, convince the public and
obtain political support to enable a broad mix of lowcarbon
power generation technologies in the future.
As for upcoming projects, VGB is currently performing
a study on system stability with the goal of identifying
opportunities and constraints of a low-carbon power
supply system with intermittent and dispatchable
generation, in particular with regard to an optimal
integration of more electricity based on renewable
sources. EURELECTRIC will deliver the required input
regarding regulatory issues and political targets.
Another area of cooperation is the Industrial Emissions
Directive (IED) and related reference documents.
VGB is supporting EURELECTRIC in the technical
argumentation and has taken the lead in describing
the state of the art of power plant technologies.
VGB and EURELECTRIC are also cooperating on a
comprehensive industry strategy for integrating
renewables, particularly on assessing the need for
and the technical feasibility of flexible and back-up
capacity.
activity report 2010
51

activity report 2010
Organisational and Expertise Structure
52
Energy Policy
& Generation
Committee
WG Energy Policy
WG Prospective
WG Renewables & DG
WG Nuclear
WG Thermal
WG Hydro
WG R&D
TF CCS
TF Biomass
NE Statistics & Prospects
NE Small Island Systems
Coordination
Committee
Markets
Committee
WG Wholesale Markets
& Trading
WG Retail Markets
WG Regional Implementation
WG Gas*
TF Integration of RES
TF Retail Market Model
TF EURELECTRIC-CIS EPC
Cooperation
Board
of Directors
Networks
Committee**
WG Distribution/
Regulation & Policy
WG Distribution/
Customers & Operation
WG Smart Grid/
Network of the Future
NE Standardisation
TF Electric Vehicles
NE T&D Interface
Budget
Committee
Environment
& Sustainable
Development Policy
Committee
WG Env. Protection
WG Waste & Residues
WG Env. Management
& Economics
WG Climate Change
WG Energy Efficiency
WG Env. & Society
* Joint WG with Energy Policy & Generation Committee
** The Networks Committee is composed of the "DSO’s Directors Gathering" (representatives of DSOs and associations representing DSOs)
and the "Networks Council"(representatives of EURELECTRIC's Full Member Associations).
WG: Working Group
TF: Task Force
NE: Network of Experts
FG: Focus Group
Group Managed by the Secretariat:
NE Communication Managers
Management
Committee
WG Legal Affairs
WG Social Affairs & HR
NE Fiscal
FG Finance &
Economics
FG Enterprise Risk
Management
As on 31 December 2010

Second Vice President Secretary General
President Vice President
Johannes TEYSSEN (DE) Hans TEN BERGE (NL)
Fulvio CONTI (IT)
Lars G. JOSEFSSON (SE)
Environment and Sustainable
Markets Committee Development Policy Committee Networks Committee**
Management Committee
Energy Policy
and Generation Committee
Marco MARGHERI (IT)
Vice Chairman
Luc VAN NUFFEL (BE)
Chairman
Manuel RODRIGUES
DA COSTA (PT)
Vice Chairman
Peter BIRKNER (DE)
Chairman
Giuseppe
MONTESANO (IT)
Vice Chairman
Owen WILSON (IE)
Chairman
Eric VAN VLIET (NL)
Vice Chairman
Gunnar LUNDBERG (SE)
Chairman
Oluf ULSETH (NO)
Vice Chairman
David PORTER OBE (GB)
Chairman
Emanuela PREITI (IT)
WG Social Affairs
& Human Resources
Argyris ECONOMOU (GR)
WG Legal Affairs
Petter SANDØY (NO)
WG Distribution/
Customers & Operation
Manuel RODRIGUES
DA COSTA (PT)
WG Distribution/
Regulation & Policy
Claude NAHON (FR)
WG Energy Efficiency
Tomas CHMELIK (CZ)
WG Climate Change
Roel KALJEE (NL)
WG Retail Markets
TF Retail Target Model
Juan José ALBA
RIOS (ES)
WG Wholesale Markets
& Trading
Tomas MÜLLER (AT)
WG Prospective
Gwyn DOLBEN (GB)
WG Energy Policy,
TF CCS
Michael LÄNGLE (AT)
FG Finance & Economics
Guido VANHOVE (BE)
NE Fiscal
José Luis GUTIERREZ
IGLESIAS (ES)
NE Standardisation
Per HALLBERG (SE)
WG Smart Grids/
Networks of the Future
Jean-Guy
BARTAIRE (FR)
WG Environmental Protection
Walter RUIJGROK (NL)
WG Environmental
Management & Economics
Inge PIERRE (SE)
WG Gas
(joint WG with EP&G)
Gunnar LUNDBERG (SE)
WG Regional Implementation
Jozsef BAJSZ (HU)
WG Nuclear
Charles NIELSEN (DK)
WG Renewables &
Distributed Generation
Vittorio D’ECCLESIIS (IT)
FG Enterprise Risk Management
Alan MICHIE (GB)
NE T&D Interface
Thomas THEISEN (DE)
TF Electric Vehicles
Steve WAYGOOD (GB)
WG Waste & Residues
Martti HYVÖNEN (FI)
WG Environment & Society
Marcel CAILLIAU (BE)
TF Integration of RES
Jan SUNDELL (SE)
TF EURELECTRIC-CIS EPC
Cooperation
Otto PIRKER (AT)
WG Hydro
Jörg KERLEN (DE)
WG Thermal
** The Networks Committee is composed of the “DSO’s Directors
Gathering” (representatives of DSOs and associations
representing DSOs) and the “Networks Council”
(representatives of EURELECTRIC’s Full Member Associations).
Jeppe BJERG (DK)
TF Biomass
Hakon MOSBECH (DK)
WG R&D
Group Managed by the Secretariat
activity report 2010
Jan PETERS (NL)
Chairman DSO’s
Directors Gathering
WG: Working Group
NE: Network of Experts
TF: Task Force
FG: Focus Group
Gaël GLORIEUX
Network of Communication Managers
David PADFIELD (GB)
NE Small Island Systems
Tomas MÜLLER (AT)
NE Statistics & Prospects
As on 31 December 2010
53

activity report 2010
54
EURELECTRIC Staff
VERONICA WADE
Personal Assistant to the Secretary General
HANS TEN BERGE
Secretary General
Administration
and Information Technology Unit
Policy
Coordination and
Communication Unit
Environment
and Sustainable
Development
Policy Unit
Networks
Unit
Markets
Unit
Energy Policy and
Generation Unit
MARC DENYS
Head of Unit
ANNE-MARIE REGO
Head of Policy Management
JOHN SCOWCROFT
Head of Unit
GUNNAR LORENZ
Head of Unit
ANNE-MALORIE GéRON
Head of Unit
SUSANNE NIES
Head of Unit
Events
Finance and
Administration
Information
Technology
GAëL GLORIEUX
Public Affairs Officer
HéLèNE LAVRAY
Advisor
PIERRE SCHLOSSER
Advisor
MARCO FORESTI
Advisor
SAM CROSS
Advisor
EMILY O’LEARY
Events Coordinator
MICHèLE DUBOIS
Advisor
ROMAIN JOURDAN
Advisor
JULIA EICHHORST
Communication Officer
NICOLA REGA
Advisor
SOPHIE TIELEMANS
Policy Officer
OLGA MIKHAILOVA
Advisor
ARTA DENINA
Advisor
CARINE BUSARD
Accounting Assistant
DIEGO NOMEN
Assistant
JEANNETTE PABST
Researcher (non-permanent)
BRIGITTE FRANCE
Assistant
KOEN NOYENS
Policy Officer
BERNARDO RANGONI
Advisor
GIUSEPPE LORUBIO
Advisor
GEOFFREY LADEUZE
Assistant
FATIMA EL KADERI
Web Designer
PAVLA MANDOTOVA
Seconded Policy Officer
NATHALIE HAESEVOETS
Assistant
EMMA-LOUISE BEDFORD
Assistant
MARIE DEBOIS
Assistant
ANN DUBOIS
Assistant
CHARLOTTE RENAUD
Policy Officer - Management
Committee
As on 31 December 2010

EURELECTRIC Member Organisations
FULL MEMBERS (33)
COUNTRY MEMBER ORGANISATION
Austria Verband der Elektrizitätsunternehmen Österreichs (VEÖ)
(Association of Austrian Electricity Companies)
Belgium Fédération Belge des Entreprises Electriques et Gazières (FEBEG)
Federatie van de Belgische Elektriciteits- en Gasbedrijven (FEBEG)
(Federation of Belgian Electricity and Gas Companies)
Fédération des gestionnaires de réseaux électricité et gaz en Belgique - SYNERGRID
Federatie van de Elektriciteits- en Gasnetbeheerders in België - SYNERGRID
(Federation of the Electricity and Gas network operators in Belgium – SYNERGRID)
Bulgaria Bulgarian Electric Power Association
Croatia Croatia EURELECTRIC Section – Croatian Chamber of Economy
Cyprus Electricity Authority of Cyprus
Czech Republic Cesky svaz zamestnavatelu v energetice (CSZE)
(Czech Association of Energy Sector Employers)
Denmark Dansk Energi
(Association of Danish Energy Companies)
Estonia The Union of Electricity Industry of Estonia
Finland Energiateollisuus ry
(Finnish Energy Industries)
France Union Française de l’Electricité (UFE)
Germany Bundesverband der Energie- und Wasserwirtschaft e.V (BDEW)
(German Association of Energy and Water Industries)
Greece Hellenic Electricity Association (HELAS)
Hungary EURELECTRIC Magyarorszagi Tagozat
(Hungarian EURELECTRIC Association – HEURELECTRIC)
Iceland SAMORKA - Icelandic Energy and Utilities
Ireland National Electricity Association of Ireland
Italy Unione dell’Elettricità Italiana (UNEI)
(Union of Italian Electricity)
Latvia Latvian Association of Power Engineers and Energy Constructors
Lithuania Lithuanian Electricity Association
Luxembourg Organisation des Entreprises d’Electricité du Luxembourg
(National Luxembourg Electricity Association)
Macedonia, Former
Yugoslav Republic (FYROM)
Macedonian Energy Association
Malta ENEMALTA Corporation
Netherlands Energie-Nederlands
Norway Energi Norge (Energy Norway)
Poland Polski Komitet Energii Elektrycznej (PKEE)
(Polish Electricity Association )
Portugal Associação Portuguesa das Empresas do Sector Eléctrico (ELECPOR)
(Portuguese Association of Electric Power Utilities)
Romania Romanian Institute for Energy Development Studies (IRE)
activity report 2010
55

activity report 2010
56
Slovakia Zväzu zamestnávatel’ov energetiky Slovenska (ZZES)
(Union of Employers of Power Industry in Slovakia)
Slovenia Slovenian Chamber of Commerce, Energy Association, EURELECTRIC Section
Spain Asociación Española de la Industria Eléctrica (UNESA)
(Spanish Association of the Electric Industry)
Sweden Svensk Energi Swedenergy AB
Switzerland Verband Schweizerischer Elektrizitätsunternehmen (VSE)
Association des Enterprises électriques Suisses (AES)
Swiss Electricity Industry Association (SEIA)
Turkey Türkiye Elektrik Sanayi Birliği (TESAB)
(Turkish Electricity Industry Association)
United Kingdom Association of Electricity Producers (AEP), in conjunction with Energy Networks
Association (ENA)
EUROPEAN AFFILIATE MEMBERS (8)
COUNTRY MEMBER ORGANISATION
Albania Korporata Elektroenergjitike Shipètare (KESH)
Belarus Belenergo
Bosnia-Herzegovina Elektroprivreda Bosne I Hercegovine
Monaco Société Monégasque de l’Electricité et du Gaz (SMEG)
Russia NP Market Council
Serbia Electric Power Industry of Serbia
Ukraine Ukrenergo
United Kingdom Jersey Electricity Company Ltd.
MEDITERRANEAN AFFILIATE MEMBERS (5)
COUNTRY MEMBER ORGANISATION
Algeria Société Nationale de l’Electricité et du Gaz (SONELGAZ)
Egypt Egyptian Electricity Holding Company
Israel The Israel Electric Corporation Ltd.
Morocco Office National de l’Electricité (ONE)
Tunisia Société Tunisienne de l’Electricité et du Gaz (STEG)
INTERNATIONAL AFFILIATE MEMBERS (6)
COUNTRY MEMBER ORGANISATION
Japan Central Research Institute of Electric Power Industry (CRIEPI)
Kazakhstan Kazakhstan Electricity Grid Operating Company (KEGOC)
Mauritius Central Electricity Board
Mexico Comision Federal de Electricidad
South Africa Eskom
United Arab Emirates Abu Dhabi Water and Electricity Authority (ADWEA)

EI ASSOCIATES (8)
COUNTRY MEMBER ORGANISATION
France Compagnie Nationale du Rhône (CNR)
Switzerland BKW/FMB Energie AG
Switzerland Alpiq Suisse SA
Switzerland Goupe E
Switzerland Onyx Energie Mittelland
Switzerland Rätia Energie
Switzerland Romande-Energie
Switzerland Services Industriels de Genève
BUSINESS ASSOCIATES (30)
activity report 2010
Accenture
Alstom
Amsterdam Power Exchange
Areva
ABB
BWSC - Burmeister & Wain Scandinavian Contractor A/S
CESI - Centro Elettrotecnico Sperimentale Italiano
CERA - Cambridge Energy Research Associates
Delta Energy & Environment
D.TEK
EA Technology
E-Bridge Consulting GmbH
Energy Insights
EPEX Spot SE
European Energy Exchange
General Electric Power Systems
IBM
Itron
Kema Consulting
Landis+Gyr Ltd
Lighthouse Consulting Group
MMC Group - Oliver Wyman
Nexant
OMEL
Ormazabal
Poyry Energy Consultants
Pricewaterhouse Coopers
Rabobank
Siemens AG
Tesla Europe Ltd As on 31 December 2010
57

activity report 2010
EURELECTRIC Board of Directors
58
President First Vice President
Mr. Lars G. JOSEFSSON
Former President & CEO
Vattenfall AB
Secretary General
Mr. Hans ten BERGE
Secretary General
Union of the Electricity Industry -
EURELECTRIC
COUNTRY MEMBER SUBSTITUTE
AUSTRIA Dr. Ulrike BAUMGARTNER-GABITZER
Member of the Managing Board
Verbund (Österreichische
Elektrizitätswirtschafts-AG)
BELGIUM Mr. Jean-Pierre HANSEN
Member of the Executive Committee
ELECTRABEL GDF SUEZ
BULGARIA Mr. Krasimir PARVANOV
Executive Director of NEK
Natsionalna Elektricheska Kompania EAD
(NEK EAD)
CROATIA
(local name: Hrvatska)
Mr. Leo BEGOVIC
President of the Management Board
HRVATSKA ELEKTOPRIVREDA D.D
CYPRUS Dr. Stelios STYLIANOU
General Manager
Electricity Authority of Cyprus
CZECH REPUBLIC Mr. Martin ROMAN
Chairman of the Board of Directors & CEO
CEZ, a. s.
DENMARK Mr. Anders ELDRUP
Chief Executive Officer
DONG Energy (GENTOFTE - DK)
ESTONIA Mr. Sandor LIIVE
Chairman of the Management Board
& CEO
Eesti Energia AS
FINLAND Mr. Juha NAUKKARINEN
Managing Director
Energiateollisuus ry,
Finsk Energiindustri rf
Mr. Fulvio CONTI
CEO and General Manager
Enel S.p.A
Second Vice President
Dr. Jur. Johannes TEYSSEN
CEO
E.ON AG
Dr. Barbara SCHMIDT
Secretary General
Association of Austrian Electricity
Companies (VEO)
Mr. Jan HERREMANS
General Manager
Fédération Belge des Entreprises
Electriques et Gazières ASBL
Mrs. Nelly STANIMIROVA
Head of Foreign Relations Department
Natsionalna Elektricheska Kompania
EAD (NEK EAD)
Mr. Damir PECVARAC
Member of the Board
HRVATSKA ELEKTOPRIVREDA d.d
Dr. Venizelos EFTHYMIOU
Network Development Projects Manager
Electricity Authority of Cyprus
Mr. Alan SVOBODA
Executive Director Sales and Trading
CEZ, a.s.
Mr. Lars AAGAARD
Managing Director
Dansk Energi (Association of Danish
Energy Companies)
Mr. Jaanus Arukaevu
Chairman of the Management Board
Union of the Electricity Industry of
Estonia
Mr. Pertti SALMINEN
Director, International & EU Affairs
Energiateollisuus ry,
Finsk Energiindustri rf

FRANCE Mr. Robert DURDILLY
Président
Union Française de l’Electricité (UFE)
GERMANY Dr. Arndt NEUHAUS
Chairman of the Board
RWE Rheinland Westfalen Netz AG
GREECE Mr. Arthouros ZERVOS
Chairman & CEO
Public Power Corporation S.A.
HUNGARY Dr. Károly GERSE
Deputy General Director
EMT - Eurelectric Magyarorszàgi Tagozata
ICELAND Mr. Eiríkur BOGASON
General Manager
SAMORKA Icelandic Energy and Utilities
IRELAND Mr. Padraig McMANUS
Chief Executive Officer
Electricity Supply Board (ESB)
ITALY Mr. Enzo GATTA
President
UNEI - Unione dell Elettricita Italiana
LATVIA Dr. Aris ZIGURS
Chairman of the Board
Latvenergo
LITHUANIA Mr. Vladas PASKEVICIUS
President
Lietuvos Elektros Energetikos Asociacija
LUXEMBOURG Mr. Romain BECKER
CEO
Creos Luxembourg
MACEDONIA, THE FORMER
YUGOSLAV REPUBLIC OF
Mr. Vlatko CINGOSKI
General Manager - President of
the Management Board
JSC Macedonian Power Plants
MALTA Mr. Edmund GATT BALDACCHINO
Chairman
ENEMALTA Corporation
NETHERLANDS Mr. Hans ALDERS
President
Energie-Nederland
NORWAY Mr. Oluf ULSETH
Senior Vice President, European Affairs
Statkraft Energy AS (OSLO)
POLAND Mr. Tomasz ZADROGA
Chairman
Polska Grupa Energetyczna sa - PGE
activity report 2010
Mr. Stéphane MOREL
Vice-Président
Union Française de l’Electricité (UFE)
Ms. Hildegard MUELLER
Chair of the Executive Board
Bundesverband der Energie- und
Wasserwirtschaft e.V.
Prof. Nikos HATZIARGYRIOU
Vice-Chairman and Deputy CEO
Public Power Corporation (PPC)
Mr. István BAKÁCS
Vice Chairman
EURELECTRIC Magyarorszagi Tagozat (EMT)
Mr. Gústaf Adolf SKULASON
Deputy Director General
SAMORKA Icelandic Energy and Utilities
Dr. Fergal McNAMARA
Group Regulation Manager
Electricity Supply Board (ESB)
Mr. Adolfo SPAZIANI
Vice-President
UNEI - Unione dell Elettricita Italiana
Mr. Rolands LUSVERIS
Head of Regulatory Affairs
Latvenergo
Dipl.-Ing. Gintaras ADZGAUSKAS
Specialist & Director of the Lithuanian
Member Committee of the World Energy
Council
Lietuvos Elektros Energetikos Asociacija
Mr. Claude STRASSER
Secrétaire Général
Société électrique de l’Our SA (SEO)
Mr. Dimitar TANURKOV
Manager of Generation, Member
of the Management Board
JSC Macedonian Power Plants
Ing. Karl CAMILLERI
Chief Executive Officer
ENEMALTA Corporation
Mr. Eric W.O. VAN VLIET
Managing Director
Energie-Nederland
Mr. Snorre LAMARK
Director
Energi Norge
Mr. Dariusz LUBERA
President
TAURON Polska Energia SA
59

activity report 2010
60
PORTUGAL Mr. João MANSO NETO
Member of the Executive Board
EDP - Energias de Portugal
ROMANIA Mr. Teodor-Ovidiu POP
General Manager
Verbund-Romania SC
SLOVAKIA
(Slovak Republic)
Mr. Nicola COTUGNO
Member of the Board of the Directors and
Director of Power Division
Slovenske elektrarne, A.S.
SLOVENIA Mr. Djordje ZEBELJAN
Executive Director for R&D
Holding Slovenske Elektrarne d.o.o.
SPAIN Mr. Gerardo HERMO BLANCO
Director of Economics & Finance
Asociación Española de la Industria
Eléctrica (UNESA)
SWEDEN Mr. Kjell JANSSON
Managing Director
Svensk Energi Swedenergy AB
SWITZERLAND Mr. Hans Eberhard SCHWEICKARDT
Président du conseil d’administration
Alpiq Holding Ltd. (Neuchatel - CH)
TURKEY Mr. Halil ALIS
General Manager - Chairman of the
Executive Board of TESAB
Türkiye Elektrik Iletim A.S. (TEIAS)
UNITED KINGDOM Mr. David PORTER, OBE
Chief Executive
Association of Electricity Producers
Limited - AEP
European Affiliate
Member
Observers
Mr. Dmitry PONOMAREV
Chairman of the Board
NP “Market Council” / COBET PbIHKA
Russia
President of MEDELEC Dr. Ahmad Abdalla HIYASAT
Managing Director
National Electric Power Company (NEPCO)
Jordan
Eng. João Nascimento BAPTISTA
Executive Director
Associacao Portuguesa das Empresas do
Sector Electrico, ELECPOR
Mr. Stelian-Alexandru GAL
Deputy Director General
TRANSELECTRICA SA
Mr. Alexander KŠINAN
CEO
Elektrovod Holding a.s.
Mr. Ivan SMON
Director of Technical Sector
SODO d.o.o.
Mr. Angel Luis VIVAR
Director of Energy Resources &
Environment
Asociación Española de la Industria
Eléctrica (UNESA)
Mr. Staffan WESTLIN
President & CEO
Skelleftea Kraft AB
Mr. Josef A. DUERR
Managing Director
Verband Schweizerischer
Elektrizitätsunternehmen (VSE/AES)
Mr. Fahrettin Amir ARMAN
General Manager
AYEN Energy Company
Mr. David SMITH
Chief Executive
Energy Networks Association (ENA)
As on 31 December 2010

EURELECTRIC in Brief
The Union of the Electricity Industry – EURELECTRIC is the sector association representing the common
interests of the electricity industry at pan-European level, plus its affiliates and associates on several
other continents.
EURELECTRIC’s mission is to contribute to the development and competitiveness of the electricity
industry and to promote the role of electricity in the advancement of society.
EURELECTRIC’s Full Member structure is based on national representation, via the national electricity
association, where such a body exists, or the leading electricity enterprise in each country. Currently
there are 33 Full Members, including all 27 EU Member States, current applicants negotiating to join the
European Union, plus other European OECD countries.
Membership is enriched by European and International Affiliate Members representing the electricity
industry across the rest of Europe, in the Mediterranean basin and on other continents, and by Business
Associate Members from other sectors with stakeholder links to or interest in the electricity industry.
Publisher: Hans ten Berge
Managing & Production Editor: Julia Eichhorst
Design & Layout: www.generis.be
Photos: EURELECTRIC, Gettyimages (pages 13, 21, 22),
Dreamstime (pages cover, 4, 10, 11, 12, 14, 15, 16, 17,
18, 20, 22, 23, 25, 26, 27, 28, 29, 33, 35, 36, 37, 38, 39,
40, 41, 42, 49), istockphoto (pages 28, 30, 34)

Union of the Electricity Industry - EURELECTRIC
www.generis.be
Boulevard de l’Impératrice, 66 boîte 2 tel: + 32 (0)2 515 10 00
by
1000 Brussels fax: + 32 (0)2 515 10 10
Belgium website: www.eurelectric.org Design