S.12. Clean Energy for All Europeans

D.2.4. Energy Market Design

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EP adopts final four files in “Clean Energy for All Europeans” Package

Tuesday, March 26, 2019

The Council of the EU still needs to formally approve the four files, which will then be published in the Official Journal of the EU, after which the Regulations will have immediate effects while the Directive will need to be transposed within 18 months.

With large majorities, the EP adopted the last four files of the “Clean Energy for All Europeans” Package. The MEPs approved the proposed Directive on common rules for the internal market in electricity with 551 votes for, 72 against and 37 abstentions; the Regulation on the internal market for electricity with 544 for, 76 against and 40 abstentions; the Regulation on the European Union Agency for the Cooperation of Energy Regulators with 558 for, 75 against and 31 abstentions; and the Regulation on risk-preparedness in the electricity sector with 569 for, 61 against and 34 abstentions.

The final four files of the Package aim to ensure that the EU’s electricity market is fit for the future by setting up important new mechanisms and regulatory measures that enhance the role of consumers and renewables and mark an important step on the path towards decarbonisation. The Governance of the Energy Union Regulation, the revised Energy Efficiency Directive, the revised Renewable Energy Directive and the Energy Performance of Buildings Directive had already entered into force in 2018.

Following the EP’s adoption of the files, the Council of the EU now needs to formally approve them before they are published as new laws in the Official Journal of the EU. The Regulations will enter into force immediately (with a date of application of 1 January 2020 for the Electricity Regulation) while the Member States will have 18 months to transpose the new electricity market Directive.