The EU ETS Third package came into effect on the 3rd March 2011 and denotes set of EU legislation for European electricity and gas markets. The core aims of this package are to enhance openness and competitiveness and improve integration in the EU Energy market.
The key elements of The Third Package are: Unbundling, National Regulation Authorities (NRAs), Consumer protection, Transmission, European Network Codes, European Framework Guidelines, Ten-year Network Development Plans (NDPs) and the Agency for Cooperation of Energy Regulators (ACER). This legislation will require European Network Codes (ENC) to be implemented which will take priority over national codes if the two are inconsistent.
company position statement
Overall, SmartestEnergy supports European harmonisation. We also agree with the general aims of the Third Energy Package but believe the 2014 delivery timetable is unrealistic.
We are not opposed to the idea of market splitting and feel that it is worthy of further consideration. However, if the UK is not part of a wider EU market, it makes more sense to maintain the current marginal pricing and locational charging arrangements to create the right incentives within the UK.
latest policy updates
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