In March 2009, the European Parliament announced that an informal compromise position on the third energy reform package had been negotiated by the European Parliament’s Industry Committee and the Czech Presidency (See Brussels Brief, 27 March 2009). The agreed compromise was also endorsed by representatives of the Council on 27 March 2009. It will now be put to a vote in Parliament in late April or early May. If approved by Parliament at second-reading, the Council can then formally adopt the package before the summer.

The compromise is the most recent development in the European Commission’s proposal for a third legislative package to reform the regulation of the energy sector, concerning common rules for the internal market in electricity and natural gas. The proposals set out in the package include the unbundling of energy generation activities from transmission activities and the creation of an agency to monitor and review the activities of the European Network Transmissions Systems Operations (ENTSOs).