Andris Piebalgs,
EU Energy
Commissioner
 
Brussels, Belgium --- (METERING.COM) --- December 14, 2009 - The new European Agency for the Cooperation of Energy Regulators (ACER) will have its seat in Ljubljana, Slovenia, member states have decided.

The ACER, which is foreseen in the Third Energy Package on the liberalization of the energy markets (see EU Energy Package comes into force), is intended to complement and coordinate the work of national regulatory authorities. Its competencies will include participation in the creation of European network rules, taking binding individual decisions on cross border energy infrastructure, monitoring developments in the energy markets, and giving advice on energy related issues to the European institutions.

The ACER is seen as key to the functioning of the EU markets in electricity and gas. According to its founding legislation the body needs to be fully operational as of March 3, 2011.

EU Energy Commissioner Andris Piebalgs has welcomed the decision, saying it paves the way for the timely setting up of the Agency and thus the effective implementation of the Third Package.

“The decision to locate the ACER in Ljubljana is an important element for the timely and correct implementation of the Third Package to liberalize the energy markets. This decision will allow the Commission together with Slovenia to prepare the establishment of the ACER.”

According to Regulation (EC) No 713/2009 the ACER needs to fulfil its tasks as of March 3, 2011 onwards– the day that the other legislative acts forming the Third Energy Package are either to be transposed into the law of member states (the Electricity and Gas Directives) or become applicable (the Electricity and Gas Regulations).

The setting up of the new regulatory agency involves a number of administrative preparations, including the selection of buildings in the host country and the recruitment of staff. The first director of the Agency is expected to be appointed in the first half of 2010.