The European Third Energy Package: A Radical Change in Control and Governance of Energy Networks

July 09, 2009
The European Council of Ministers recently endorsed the “Third Energy Package”, which contains several pieces of legislation intended to further liberalize the European electricity and natural gas markets. This update summarizes some of these changes, which seek to strengthen the separation between energy supply and production and network operation, create a certification procedure for European Community and non-European Community companies, recast an exemption procedure for new infrastructure investments in the sector, enhance regional cooperation and increase regulatory supervision of the energy market.