Almost ten years after the implementation of the Third Energy Package, the risk of backtracking on liberalisation looks very real as policymakers seem increasingly frustrated at having “given away” power to the market, writes Luca Franza.
The integration of European gas markets has made strides over the last fifteen years, bolstering energy security in Eastern EU countries as a result, says Jonathan Stern. But the collapse of Dutch production means Russia will probably remain at the cen...
The liberalisation of European gas markets is widely recognised as a major success by industry analysts. But EU politicians are reluctant to celebrate it because liberalisation on its own has failed to deliver on another key objective – supply diversification. Ironically, Europe is now more dependent on Russian gas than ever.
Europe already has its “new electricity market design” – it’s just a little behind schedule... and about as complicated as EU legislation gets, EURACTIV.com has learned.