The exact form of such an oversight will have to be defined on the basis of an assessment of the specific functions that the entities perform, the way in which such functions are performed and the risks to the integration and well-functioning of the Internal Energy Market. In this latter case, the Agency will monitor that such entities and their regulatory oversight remain in line with the Internal Energy Market principles. National Regulatory Authorities cooperating at regional level should instead be responsible for the regulatory oversight of entities performing monopoly or near-monopoly functions at regional level. The Agency proposes that the responsibility for the regulatory oversight of these entities is assigned to the Agency itself when they perform monopoly or near-monopoly functions at EU-wide level, or at regional level with a clear roadmap for EU-wide integration. This Agency’s Position Paper outlines an approach for an effective regulatory oversight of entities performing monopoly or near-monopoly functions at EU-wide or regional level, taking the principle of proportionality and subsidiarity into account and based on the complementarity of regulatory action at national and EU level. RSCs in electricity and capacity allocation platforms in gas) with a potential to grow into EU-wide entities. MCO function operator), while others have a regional scope (e.g. Some of these entities/functions have a clear EU-wide coverage (e.g. Regulatory Oversight Troutman Pepper Regulatory Oversight Regulatory Oversight Podcast Episodes Overview Related Practices and Industries Contacts Disclaimer Privacy Notice Contact Us © 2023 Troutman Pepper Hamilton Sanders LLP. The implementation of the Third Energy Package envisages the establishment of new entities performing (new) monopoly or near monopoly functions. The regional approach is an important component of the Energy Union Strategy. How to register as a Registered Reporting Mechanism?.How to notify use of REMIT obligation exemptions?. It helps bridge the gap between formal requirements for regulatory policy. Network development and infrastructure regulation Regulatory oversight is a crucial ingredient of effective regulatory frameworks.Network Code Implementation and Monitoring Group Oversight and regulation are important functions that help assure quality performance of health systems and maintain public trust through transparency and.
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