The EU Electricity Market Regulatory

In the electricity industry sector, the regulation has an important role. Regulatory means that regulation and monitoring on electricity system. In the European electricity market, regulatory has faced different challenges. In this legal system, the electricity market is regulated at both national and European levels. The principles of independence and accountability are seen in the recent both levels. Regulatory authorities have many powers and responsibilities. At the level of the EU, the EC and ACER are the most important elements of the electricity market regulatory framework. Additionally, These two unofficial regulators co-operate alongside them. Network codes have been approved to increase the efficiency of the domestic electricity market and increase co-operation and coordination between network operators. Due to the differences in financial and physical markets for electricity, each of these markets has its own regulating regime.