CEPS Task Force

Rethinking the EU Regulatory Strategy for the Internal Energy Market


CEPS Task Force Report:
Rethinking the EU Regulatory Strategy for the Internal Energy Market
Authors: Christian Egenhofer & Kyriakos Gialoglou

A key message of this report is that full and effective implementation of proposed legislation will be necessary to ensure a true internal market for energy in the EU, but this alone will not be sufficient. In parallel, more attention must be paid to other, less-prominent fields. The report singles out i) the introduction of incentive-based network regulation and ii) the careful design of principal elements of the wholesale market, i.e. trade of electricity and gas for resale (‘wholesale market design and rules’). Moreover, the internal market needs to be buttressed with the consistent application of competition rules across member states to avoid the creation of national champions. The report also argues that a functioning electricity and gas market depends on market-compatible solutions to security of supply and environmental issues and a rethinking of ‘executive agencies’, whose use to date is inhibited by the Meroni doctrine.

Date Published: 1 Dec 2004

Dag Klackenberg, CEO, Swedish Federation of Trade, non-executive Chairman, Vattenfall AB
Christian Egenhofer, CEPS Senior Fellow
Kyriakos Gialoglou, former CEPS Fellow


1st meeting: 23 Jan 2003
2nd meeting: 8 Apr 2003
3rd meeting: 27 May 2003
4th meeting: 18 Sept 2003
5th meeting: 26 Nov 2003
6th meeting: 14 Apr 2004

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Christian Egenhofer

Associate Senior Research Fellow

Kyriakos Gialoglou