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The third package of energy market liberalisation rests on 5 pillars:
==== Unbundling ====
Requires an ownership separation for [[Powergrids|electricity generation and transmission networks]]. Companies active in both generation and transmission are therefore required to split up. This forced split aims at increasing competition.
==== Independent regulators ====
==== Co-operation of national regulators ====
A new Agency, the [[Agency for the Cooperation of Energy Regulators]] (ACER), was formed to help national regulators coordinate the smooth functioning of an integrated energy market. The agency is independent of the [[European Commission]], [[National GovernmentsShared Competence (EU)|national governments]], and energy companies. Areas of work for the agency include: deciding on cross-border issues in case of disagreement and monitoring e.g. retail prices.
==== Cross-border cooperation of transmission operators ====
National transmission system operators are responsible for ensuring electricity and natural gas is effectively transported through pipelines and grids.
Due to the cross-border nature of Europe's energy market, they must work together to ensure the optimal management of EU networks. This is done through the [[European Network of Transmission System Operators for Electricity|European Network for Transmission System Operators for Electricity]] (ENTSO-E) and the European Network for Transmission System Operators for Gas (ENTSOG). (Taken from: <ref>European Commission [https://ec.europa.eu/energy/en/topics/markets-and-consumers/market-legislation)Markets and consumers]</ref>
==== Open and fair retail markets ====
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[[Category:Economic Dimension]]
[[Category:Technological Dimension]]
[[Category:Economic Dimension]]
