The EC approved ENTSO-E’s CBA Guideline 2.0 and launched the call for electricity projects candidates for the Fourth EU PCI list.
On 12 October, ENTSO-E published the final Guideline 2.0 for Cost Benefit Analysis of Grid Development Projects, whose first draft dates to 2015, approved by the EC. The Guideline was drafted according to EU Regulation (EU) 347/2013 (TEN-E Regulation), which aims to “ensure a common framework for multi-criteria cost-benefit analysis (CBA) for TYNDP projects”.
Guideline 2.0 substitutes the first version and will be used for the assessment of TYNDP transmission and storage projects across Europe, whose results are also used by the EC to select the Projects of Common Interest (PCI). On 15 October 2018, the EC opened the latest call for electricity projects to be submitted as candidates for the Fourth EU PCI list. The application deadline is until midnight on 15 November 2018.
Furthermore, ENTSO-E states that the new Guideline 2.0 is the document to be used as the standard guideline for project specific CBA as required by Article 12(a) of the TEN-E Regulation for the CBCA process from now on, including for TYNDP 2018.
Compared to the first version, CBA Guideline 2.0 “has a more general approach and assumes that the project selection and definition, along with the scenarios description is within the frame of the TYNDP and therefore not defined in detail in the assessment methodology”. This approach is also expected to enable ENTSO-E to use the new CBA methodology for successive TYNDPs.