New Energy Law Enacted

The new Slovak energy legislation will come into force in the autumn 2012, changing rules for the energy sector and implementing relevant European Union directives, above all the Third Energy Package.

In May 2012, the Slovakian government cleared the way for substantially amending two main legislative acts governing Energy Law in Slovakia, the Energy Act and the Act on the Regulation of Network Industries. The new acts adopted by the National Council of the Slovak Republic will take effect on 1 September 2012 and will bring about substantial amendments in the country's energy sector.

Transposition of Third Energy Package

The principle aim of the new Energy Act is to implement the latest EU directives and regulations, above all the Third Energy Package (TEP), which aims at achieving an internal energy market in Europe. Apart from increasing competition among market participants, the TEP also strengthens the rights of final costumers. These elements have been