16 Cyprus Energy Regulatory Authority • Imposes administrative fines in the event of violation of laws or regulations. • Ensures the implementation of the provisions of Regulation (EU) No. 1227/2011 of the European Parliament and of the Council of 25th October 2011 on wholesale energy market integrity and transparency. • Promotes Renewable Energy Sources (RES). • Promotes research and development in the energy sector. • Prepares and implements long-term planning regarding capacity for generation, transmission and distribution on a long-term basis, in order to meet the demand for electricity in the system and to secure supplies to customers which include security of supply, energy efficiency/demand-side management and achievement of environmental objectives and targets for energy from renewable sources. Natural Gas - Responsibilities and Powers of CERA • Promotes the development of an economically robust and efficient natural gas market. • Ensures the safety, continuity of supply, quality and efficiency in the supply of natural gas. • Monitors security of supply issues, and especially the balance of market supply/demand, the level of the expected future demand and the availability of supply, as well as the level of competition in the market. • Announces the measures that may be put into effect in case of an unforeseeable crisis in the energy market, or when the security of people, works, installations or the integrity of the networks are threatened. • Prepares and publishes Technical Rules determining the minimum standards of technical design and operation for the connection to the network of installations of Liquefied Natural Gas (LNG), storage installations, other transmission or distribution networks and direct natural gas pipes. • Takes appropriate and effective measures for control and transparency to avoid possible misuse of dominant position, especially to the detriment of consumers. • Protects the interests of end consumers. • Promotes the development of regional markets within the Union so that they can operate competitively and properly to achieve security of supply. • Promotes the elimination of natural gas trade restrictions among Member States, including the development of appropriate cross-border transmission capacities to meet demand and enhance the integration of national markets. • As the competent authority, it ensures the implementation of the measures safeguarding security of gas supply. • Resolves disputes on access to in-front-of pipeline networks, in connection with negotiations for access to the network. • It is a single point of contact for informing consumers. • Carries out investigations either following the submission of a complaint or initiated by CERA ex officio. • Imposes administrative fines in the event of violation of laws or regulations.
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