Press Release: European Commission welcomes creation of ENTSO for electricity

EU Energy Commissioner Andris Piebalgs welcomed the creation of European Network of Transmission System Operators for Electricity (ENTSO-E)on 19 December, 2008. The 42 European Transmission System Operators responsible for running the highest voltage interconnected grid signed an agreement today to establish this new organisation which could become the TSO organisation foreseen by the 3rd internal market package. The package is under discussion between the Council and the Parliament in view of its final adoption in Spring 2009. Existing associations such as ETSO, the Union for Coordination for Transmission of Electricity (UCTE) and Nordel will be dissolved and their tasks and functions will be moved to the new organisation.