Energy

Market legislation

In order to establish the internal energy market and ensure that it works as efficiently as possible, the EU requires a coordinated policy framework. While there are a range of stand-alone regulations and directives covering different aspects of the EU energy market, the most significant changes to EU market rules in recent years have come through packages, which involve a far-reaching and consistent update of legislation – notably packages centred around updating the common rules for the internal market in electricity directive.

Electricity market design

Given the significant changes in the EU electricity market since 2009, the Commission targeted a number of important changes in the Clean energy for all Europeans package to make the electricity market design fit for the clean energy transition.

By recasting the Electricity Directive 2009/72/EC and the Electricity Regulation (EC)714/2009, by introducing a new risk preparedness regulation and by enhancing the role of the Agency for the Cooperation of Energy Regulators (ACER), the design of the EU electricity market has been updated to reflect the priorities of the energy union and in a way which will encourage the necessary public and private investment in the years ahead based on market signals.

The third energy package

The third energy package, which entered into force in September 2009, consists of a number of important pieces of legislation for completing the internal energy market.  It includes rules on the separation of energy supply and generation from the operation of transmission networks (unbundling), the independence of national energy regulators, and retail markets. It also established the Agency for the Cooperation of Energy Regulators (ACER) to help national regulators work together, subsequently updated.

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