The Third Energy legislative Package was proposed on 19 September 2007 by the EC in order to pursue the liberalization of the electricity and gas markets. Today it has been published in the Official Journal.
A new Agency for the Cooperation of Energy Regulators is created that will monitor the internal markets in electricity and natural gas, as well as the activities of national regulatory authorities.
A good analysis of the Third Energy Package is available by Wim Groenendijk from the University of Utrecht.
A new regulation has established a programme to aid economic recovery by granting Community financial assistance to projects in the field of energy.
There are three fields of financial support:
- gas and electricity infrastructures;
- offshore wind energy; and
- carbon capture and storage (CCS).
The European Commission has started infringement procedures against 24 Member States for violations of different provisions of the existing community legislation on the internal electricity and gas market. The Commission has focused on provisions which guarantee fair competition in the interest of consumers.
The grounds for the infringement procedure against Bulgaria are similar to other member states: that the Transmission System Operators (TSOs) do not publish sufficient information for the available capacity and that congestion management has to be improved.