The Agency for the Cooperation of Energy Regulators (ACER) published, on Wednesday 10 July, its fifth consolidated annual report on the progress of Projects of Common Interest (PCIs) for trans-European Energy Infrastructure in electricity and gas. The report examines how the projects on the third EU list of PCIs evolved between January 2018 and January 2019.
The Agency notes that 23 PCIs in the electricity sector and 9 on gas have advanced their status during the monitored period.
More than 40% of PCIs are in the permitting phase, while about 25% of the electricity and 15% of the gas PCIs are under construction or already commissioned.
“Despite the overall progress, the commissioning dates for almost half of the PCIs have been delayed or postponed on average by 1.5 years compared to the dates foreseen in previously reported schedules”, ACER reports.
Investment costs for the electricity PCIs amounted to €49.5 billion, compared with €42.9 billion for gas PCIs. These figures represent an increase of less than 2% for electricity PCIs and a decrease of 1.4% for gas PCIs compared to the expected overall budget of the same projects in 2018.
To read the ACER report: https://bit.ly/32nCVfZ (Original version in French by Lionel Changeur)