We expect the latest EU energy liberalisation package to come into force shortly, with implementation of most aspects of it then to be completed within 18 months. Well functioning EU energy markets will make an important contribution to energy security and investment to support low carbon energy supplies. This is why we are encouraging other member states to implement early as much of the package as possible.
There has already been considerable progress on transparency and on setting up the new bodies for cooperation between regulators and system operators. Work is also under way on the technical and regulatory frameworks needed to underpin greater market integration.
The EU liberalisation package was adopted on 25 June. Department officials are encouraging other member states to implement early as much of the package as possible, and I will reinforce this when I meet other EU energy Ministers in the course of business.