Third energy package

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The third energy package of the EU is the latest round of energy market legislation that covers five main areas:

  • unbundling energy suppliers from network operators;
  • strengthening the independence of regulators;
  • establishing the Agency for the Cooperation of Energy Regulators (ACER);
  • cross-border cooperation between transmission system operators and the creation of European Networks for Transmision System Operators (ENTSO-E and ENTSO-G);
  • increased transparency in retail markets to benefit consumers.