Regulatory authority

State of compliance

The Energy Regulatory Commission (ERC) continued to demonstrate a high commitment to energy reforms and regulatory independence. The regulator has been exposed to challenges of its independence in the setting of prices for the universal electricity supplier. The need for approval of ERC’s annual employment plan and the requirement to follow cumbersome selection procedures remain detrimental to attracting human resources. Electricity and gas Network Codes are directly applicable based on national legislation, their integration into national grid codes is however missing. Regulatory criteria based on which derogations from the Network Code Regulations can be granted and the REMIT Regulation are not yet transposed due to lack of competences. ERC’s chairman currently assumes the position of the ECRB President.