3rd Energy Package gets final approval from MEPs

Published: 29 April 2009 y., Wednesday

Gamtinių dujų saugykla
More choice, investment and security of supply lie at the heart of the 3rd energy package. EU energy markets will become more competitive as energy companies will have to separate supply and production from transmission activities. The wide-ranging rules adopted by Parliament 21 April 2009 will also improve consumer rights and promote regional solidarity in the event of severe gas supply disruptions.

Parliament backed by a large majority a compromise on the “third energy package” agreed between MEPs and the Council Presidency. At the heart of the proposals is the concept of “unbundling” - separating the operation of gas pipelines and electricity networks from the business of providing gas or generating power.

Separating supply and production
 
Member States will have to choose among three options for separating supply and production activities by gas and electricity transmission networks:
 
full ownership unbundling the independent system operator (ISO)the independent transmission operator (ITO)
The three options will apply to transmission networks - such as the high-voltage power lines which connect distant power plants to sub-stations in populated regions.
 
Improved consumer rights
 
For the consumer the shake-up in the market will mean getting all the relevant data about how much gas or electricity they use and information on bills and what rights they have as consumers. The creation of an energy Ombudsman or consumer council is also envisaged.
 
On the EP's initiative the new legislation includes special protection measures for vulnerable energy consumers. EU countries should take “appropriate measures” to address energy poverty such as National Energy Action Plans or benefits in social security systems to guarantee necessary energy supply to vulnerable customers.
 
Energy solidarity in emergency situations
 
The new legislation also seeks to promote “regional solidarity”. It requires Member States to co-operate in the event of “severe disruptions” of gas supply, by coordinating national emergency measures or developing and upgrading electricity and gas interconnections.


 

Šaltinis: europarl.europa.eu
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

FDI in Lithuania Grew by 5 % and Lithuania’s Investment Abroad Increased by 14 %

Statistics Lithuania has calculated that, based on provisional data, FDI in Lithuania in 2009 amounted by 5.3 % more than in 2008. Also, direct investment of Lithuanian enterprises abroad grew by 13.9 % in 2009. more »

Fish industry voices concern over foreign fish and falling prices

Concerns about foreign fish being sold in Europe and what to do about the future of Europe's fisheries industry were aired in a hearing held by the Fisheries Committee on 8 April. more »

Future of European agriculture - have your say

EU opens public debate on its agricultural policy, the prelude to a major reform in 2013. more »

Commission launches €35 million call for projects that turn environmental challenges into business opportunities

The European Commission today launched a €35 million call for eco-innovation projects to be funded under the Competitiveness and Innovation Programme. more »

Bank SNORAS group consolidates the activity of the Baltic investment companies

Bank SNORAS group company Finasta Holding recruits all funds management and investment companies of the group in the Baltic States. more »

European Central Bank and European Commission hold joint conference on "financial integration and stability: the legacy of the crisis"

The European Central Bank (ECB) and the European Commission are jointly holding a high-level conference on financial integration and stability at the ECB’s premises in Frankfurt am Main. more »

12 April 2010 - ECB signals a gradual recovery of the European financial integration process

Today, the European Central Bank (ECB) is publishing its fourth Report on Financial Integration in Europe, which notes the return towards integration in the European financial markets. more »

World Bank Group: Record US$100 Billion Response Lays Foundation for Recovery from Global Economic Crisis

World Bank Group financial commitments since July 2008, just before the full fury of the financial crisis hit, reached US$ 100 billion today as the institution helped countries respond to and recover from the global downturn. more »

IMF Executive Board Concludes 2010 Article IV Consultation with Serbia

On March 31, 2010, the Executive Board of the International Monetary Fund concluded the Article IV consultation with Serbia. more »

United Kingdom Contributes US$7.5 Million to Support IMF Technical Assistance in Statistics in Africa

The International Monetary Fund and the United Kingdom’s Department for International Development have launched a new project to improve macroeconomic statistics in 23 African countries. DFID will provide US$7.5 million over the next five years to support the project. more »