Brussels, Belgium — (METERING.COM) — May 7, 2010 – The new European energy regulators’ agency ACER (Agency for the Cooperation of Energy Regulators) began its work earlier this week, with the inaugural meeting of its Board of Regulators.
ACER becomes fully operational in March 2011, and will have its seat in Ljubljana, Slovenia.
ACER will at a European level complement the regulatory tasks performed at national level. It will play a key role in the integration of the EU’s markets in electricity and natural gas, providing a framework at EU level for national regulators to cooperate and providing greater clarity and regulatory certainty.
ACER’s existence is aimed at redressing the regulatory gap on cross-border issues and will provide regulatory oversight of the cooperation between transmission system operators. ACER will be a key advisor to European institutions and the body also will have extensive monitoring powers.
At the meeting Lord Mogg, who heads up the European energy regulators and also chairs the British energy regulatory authority Ofgem, was elected the first chair of ACER’s Board of Regulators.
Walter Boltz, chair of the Austrian energy regulatory authority E-Control, was elected as the vice chair.
Both appointments are for a 2.5 year period and are renewable.
“Much has been achieved over past 10 years through the voluntary cooperation of CEER and later ERGEG, and with this new EU agency, ACER, energy market integration moves up a gear,” commented Lord Mogg. “Preparatory work is already well underway on a 10-year network development plan in electricity and gas and the first ever EU-wide network codes.”
The Board of Regulators comprises representatives of the 27 national regulatory authorities (NRAs) in Europe and one non-voting European Commission representative.