European Council finishes adopting all files on electricity market

Source: Xinhua| 2019-05-23 02:11:35|Editor: yan
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BRUSSELS, May 22 (Xinhua) -- The EU completed the overhaul of its energy policy framework on Wednesday, which provides the regulatory preconditions for the transition to clean energy and sets the EU on the path towards achieving its Paris Agreement commitments, said a news release of the European Council.

The Council Wednesday adopted the four remaining files of the "Clean energy for all Europeans" package.

The new laws adopted include a regulation and a directive on electricity which make the EU's electricity market more consumer-centred.

The regulation on risk-preparedness in the electricity sector will ensure the security of electricity supply in crisis situations. The package also includes an overhaul of the role and functioning of ACER, the Agency for the Cooperation of Electricity Regulators.

The adoption of the four files is the last step in the legislative process. They will enter into force following their publication in the Official Journal.

The European Commission presented its package of proposals, dubbed the "Clean energy for all Europeans" package, in November 2016. It includes 8 legislative acts which contribute to shaping the Energy Union and fulfilling the EU's Paris Agreement commitments. With four legislative acts having already entered into force, Wednesday's adoption of the remaining four files completes the package.

The four files will be published in the Official Journal of the EU. They will enter into force 20 days later.

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