Regulatory Models in a Liberalised European Electricity Market
Article from: OGEL 1 (2004), in Electricity Law and Regulation
The European Union is accelerating the process of liberalising the electricity and gas markets by having adopted new Electricity (2003/54/EC) and Gas Directives (2003/55/EC). Among its qualitative aspects, this 'liberalisation package' outlines the minimum functions and competencies of the regulatory authorities. The regulators have an important role in ensuring the operation of an internal market in electricity, and the resulting regulatory models will play a key role in the good functioning of the internal electricity market in the soon-to-be-enlarged EU. The purpose of this ...