|Author (Corporate)||Council of the European Union, European Parliament|
|Series Title||Official Journal of the European Union|
|Series Details||L 158|
Directive of the European Parliament and of the Council of 5 June 2019 aimed at improving the EU regulatory framework governing the internal electricity market.
The current electricity market design is based on the rules of the 'Third Energy Package' adopted in 2009. These rules have subsequently been complemented by legislation against market abuses and implementing legislation concerning electricity trade and grid operation rules.
In addition to addressing new challenges, this Directive seeks to address the persisting obstacles to the completion of the internal market for electricity. The refined regulatory framework needs to contribute to overcoming the current problems of fragmented national markets which are still often determined by a high degree of regulatory interventions. Such interventions have led to obstacles to the supply of electricity on equal terms as well as higher costs in comparison to solutions based on cross-border cooperation and market-based principles.
The European Commission proposed the recast of the Directive in November 2016 as part of its 'Clean Energy for All' package. This initiative will give priority to energy efficiency solutions, and contribute to the goal of becoming a world leader in energy production from renewable energy sources, thus contributing to the Union's target to create jobs, growth and attract investments.
|Subject Tags||Energy Markets|
|Keywords||Electricity Grids | Network
|International Organisations||European Union [EU]|