European Union (Internal Market in Electricity) (3) Regulations 2022

This regulation implements European Union rules designed to create a more integrated and efficient internal market for electricity. It aims to improve cross-border energy flows, enhance security of supply, and support the transition to renewable energy sources across the EU. Energy providers, grid operators, and large-scale electricity consumers are primarily affected. The rules standardize market operations and competition within the electricity sector to ensure fairer pricing and more reliable energy distribution.