Cyprus Energy Regulatory Authority Annual Report 2021

58 Cyprus Energy Regulatory Authority • Innovation and Retail Markets (IRM) • Monitoring Consumer Empowerment (MCE) • Monitoring Retail Markets (MRM) • Retail Market Roadmap (RMR) CERA participated in the 148th CRM WG meeting, the 141st and 143rd CEM WS meeting and the 27th RMR WS meeting. All the above meetings were conducted online. CEER Market Integrity and Transparency Working Group (CMIT WG) The Market Integrity and Transparency Working Group (MIT WG) addresses the issues of transparency and supervision of energy trading including the interrelationship of wholesale energy market legislation and relevant financial market legislation. The Market Integrity and Transparency Working Group has one work stream: • Wholesale Energy Market Work Stream (WEM WS) CERA participated in the 91st and 92nd CMIT WG meetings. All the above meetings were conducted online. COVID-19 Ad hoc Working Group The Working Group focuses on mapping the various short-, medium- and long-term effects of the COVID-19 crisis on the energy system. Through discussions, members can exchange information, experiences, and best practices regarding the crisis and crisis management. The objective is to identify "lessons learned" and best practices through a horizontal approach aimed at contributing to the achievement of the objectives of the other CEER Working Groups. CERA participated in the 5th, 8th, 9th and 10th online COVID-19 Ad hoc WG meeting in 2021. All the above meetings were conducted online. Regulatory Benchmarking Work Stream (RBM WS) The Work Stream engages in regulatory approaches that were adopted by EU members aimed at the introduction of innovative strategies in the energy sector and informing of the need for regulatory reforms within the definition of Dynamic Regulation. In 2021, CERA participated in the 34th and 35th online RBM WS meeting. Association of Mediterranean Energy Regulators (MEDREG) Association of Mediterranean Energy Regulators (MEDREG) (http://medreg-regulators.org/) was established in 2007, under Italian law and is headquartered in Milan. It currently consists of 27 Energy Regulators originated from 22 countries, (Albania (ERE), Algeria (CREG and ARH), Bosnia and Herzegovina (SERC), Croatia (HERA), Cyprus (CERA), Egypt (EgyptEra and GASREG), France (CRE), Greece

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