The initial regulatory gap observed in 2007 is shrinking, largely through the mandated actions of the ENTSOs and ACER – e. g., network codes, the TYNDP, market coupling – and through the Infrastructure and Transparency Regulations.
To close the gap further, the implementation of both the Third Package and the network codes is decisive. The entire European electricity market will be significantly further developed in the sense of the common European interest by the implementation of the connection codes, the operational codes, the market codes, the tools for fostering investment to integrate the European electricity market, like the TYNDP, and the transparency platform. The implementation of the codes will lead naturally to the adaptation of the roles of NRAs, TSOs, ENTSO-E and ACER.
The establishment of ACER and the ENTSOs through the Third Package has proven both necessary and efficient on the way forward to fully implementing the Internal Energy Market. Broadly, the mandates of both are appropriate. There is a need to increase efficiency further through the full use of the existing provisions. Beyond this implementation imperative, ENTSO-E sees a few but vital new areas for regulation: they relate to retail-wholesale integration, as well as the regional and European system adequacy assessment.