Regulatory authority

State of compliance

In the reporting period, the Energy Regulatory Entity (ERE) was one of the four Contracting Party regulators which transposed the electricity and gas Network Codes. However, only regulatory derogation criteria for electricity generators have been developed so far. Measures for implementation of the REMIT Regulation depend on legal reforms. Since 2015, ERE has not done enough to enforce functional unbundling of the electricity distributor. On the positive side, ERE was one of only two regulators that adopted rules for designation of a Nominated Market Operator as an instrument for early implementation of the Regulation on Electricity Capacity Allocation and Congestion Management.