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ARTICLE · 19 AUGUST 2009

Energy Third Package Published In The EU Official Journal

CMS Cameron McKenna Nabarro Olswang
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The third legislative package, or IME 3, was published on Friday 14 August 2009 in the Official Journal of the European Union, and consists of the EU’s latest legislative measures to further liberalise its gas and electricity markets.

United KingdomEnergy and Natural Resources
Robert Lane
Robert Lane
Vivek Gambhir
Vivek Gambhir
Munir Hassan
Munir Hassan
Nicholas Molho
Nicholas Molho
Juliet Stradling
Juliet Stradling

The third legislative package, or IME 3, was published on Friday 14 August 2009 in the Official Journal of the European Union, and consists of the EU's latest legislative measures to further liberalise its gas and electricity markets. This follows the approval of the third package by the European Parliament in April and the Council of Europe in June. This latest development will be of interest to all stakeholders involved in transmission, supply or production activities in the EU's gas and electricity markets.

Timetable

The package consists of two directives (covering the gas and electricity markets separately), and three regulations. Both the directives and the regulations will enter into force 20 days after their publication, and the directives contain further details on when various parts are to take effect. Therefore the countdown to compliance with the terms of the package commences on 3 September 2009. Member States have until 3 March 2011 (i.e. 18 months)

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