WHAT'S IN THE PACKAGE?

Europe Energy, May, 2009

This package of legislative measures to further open up Europe's energy markets governs one of the most essential aspects of our life. Our Insight special examines the key points of the package from how it aims to improve competition between companies to the increased powers for consumers. Will energy regulators be powerful enough to oversee markets? What are the pitfalls and inconsistencies in the legislation?

Like previous liberalisation measures in the energy sector in the late 1990s and in 2003, the new rules for the gas and electricity markets also have their imperfections. Already there are admissions of legal unclarity with industry fearing different readings of the clauses. Consumer organisations, too, are worried that too much discretion is given to...

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