The final four files of the “Clean Energy for All Europeans” Package have been officially adopted. Following the adoption of the trilogue agreement text by the EP on 26 March 2019, the Council has now approved the text of the Electricity Market Regulation and Directive, the Risk Preparedness Regulation and the ACER Regulation.
The Package, which is one of the Juncker Commission’s landmark legislative proposals in energy, has been finalized just a few days prior to the 2019 European elections. With it, the EC aims to provide “a modern, stable legal environment and to set a clear and common sense of direction, which would stimulate the necessary public and private investment and bring European added value”.
The newly adopted rules on the electricity market aim to facilitate the integration of RES, stimulate the construction of interconnections and increase cross-border trading. Furthermore, the rules aim to ensure that the future energy market is reliable, stable and provides the right investment opportunities. The new legislative Package also strengthens ACER’s role and establish provisions for the Member States to create coordinated plans for crisis prevention and management of possible electricity supply disruptions.
The Energy Performance in Buildings Directive had already come into force on 19 June 2018, while the Renewable Energy Directive, Energy Efficiency Directive, and Regulation on the Governance of the Energy Union became effective on 21 December 2018. The recently adopted additional legislation will come into force 20 days following publication in the Official Journal of the EU. Member States will have 1-2 years to transpose the complete Package into national law.