January 28, 2008
The EU’s energy market is plagued by under-investment in cross-border power transmission capacity and a lack of coordination between national regulators and transmission system operators (TSOs), who manage the technical transfer of gas and electricity between member states, according to a Commission impact assessment.
The Commission concluded that the problem “would be better addressed through the structure of a Community agency with strong involvement of all EU regulators”, and a proposal for a regulation to establish ACER was put forward on 19 September 2007 as part of the Commission’s third ‘package’ of proposals on energy liberalisation.
ACER would not have any direct regulatory authority at national or European level according to the Commission’s proposal. Rather it would have the power to intervene in cases where cross-border transactions are deemed anti-competitive or in the event that national regulators fail to cooperate effectively.
From Eur ActivAuthor : EMI