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Belova O.S. Formation of the domestic energy market in the European Union: levels and spheres of regulation

Published in journal "Mezhdunarodnoe pravo i mezhdunarodnye organizacii / International Law and International Organizations", 2016-4 in rubric "INTEGRATION LAW AND SUPRANATIONAL UNIONS ", pages 465-479.

Resume: This article examines the questions of formation of the domestic energy market in the European Union from the perspective of standards and spheres of public regulation on the level of the union, as well as EU member-states. The author thoroughly examines the legal aspects of establishment and the function of the single regulatory body in the area of energy in EU member-states, as well as the functions and powers of the Agency for the Cooperation of Energy Regulators (ACER). Based on the analysis of the international legal acts along with the work of international law actors, with implementation of the historical approach, the author explores the legal aspects of formation of the new institutions and regulatory public authorities in the energy field. Majority of the researchers as the key novelty of the EU “third energy package” note the requirement on separation of assets of the vertically integrated corporations. At the same time, in the author’s opinion, the most important aspects consists in establishment of the supranational field body in energy sphere, to which the EU member-state have granted certain authority.

Keywords: Wholesale Energy Market, ACER, supranational regulatory authority, domestic energy market, European Union, National regulatory authority, Third energy package, Separation of the assets, Public regulation , Energy

DOI: 10.7256/2226-6305.2016.4.20610

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