Brussels, 25 June 2009
EU adopts new rules strengthening the internal energy market
President Barroso and Energy Commissioner Andris Piebalgs have welcomed today's adoption of new rules on the internal energy market by the Council following a positive vote by the European Parliament in April. The new legislation is expected to strengthen the EU's internal energy market, give consumers more protection and the benefit of the lowest possible energy prices while offering companies the chance to compete on a level playing field. In addition the legislative package will promote sustainability by stimulating energy efficiency. Member States now have 18 months to transpose the new rules into national law.
Commission President, José Manuel Barroso said, "This is a major step towards a truly integrated European energy market, and the right European Union response to the structural challenges we face. It is good news for business and citizens alike who need competitive prices and security of energy supply. The adoption of the internal market rules shows that Europe can deliver on its promises".
"It is now up to the Member States to put these new rules into practice and give a better deal to both consumers and businesses. Consumers will benefit from better protection and the lowest possible prices, while companies will have a chance to gain more business in a competitive market. The new rules will also take us a big step forward towards meeting the challenges of climate change, increased energy import dependence and global competitiveness," said Energy Commissioner Andris Piebalgs.
The main objective of the legislative package is to put in place the regulatory framework needed to make market opening fully effective. The rules adopted today aim at:
The package is composed of:
The Directives and Regulations will be published in the Official Journal of the EU in August 2009 and enter into force on the twentieth day following that of their publication.
The Electricity and Gas Directives have to be transposed into national law 18 months after entry into force with the exception of the rules on unbundling of transmission, which are to be transposed after 30 months.
The new Agency needs to be up and running 18 months after entry into force of the Agency Regulation. Also the Electricity and Gas Regulations shall apply 18 months after their entry into force and by that time, at the latest, the national Transmission System Operators are required to submit the founding documents for the new European Network for Transmission System Operators, one for gas and one for electricity to the Commission and the Agency. By maximum eight months thereafter the ENTSO for both gas and electricity need to be put in place.