EC sends 2nd reasoned opinion to Hungary on energy policy

EU

The EC said on Thursday that it has sent Hungary another reasoned opinion, the second step in an infringement procedure, asking for the correct implementation and application of the Electricity Directive and the Gas Directive, containing key legal provisions allowing energy markets to function properly, Hungarian news agency MTI reported.

The directives are both part of the Third Energy Package, which includes rules on the unbundling of transmission network operators from energy suppliers and producers, on strengthening the independence and powers of national regulators, and on provisions benefiting consumers.

The EC sent a letter of formal notice to Hungary in February 2015 and, since compliance with EU law was not yet in place, a first reasoned opinion was issued in December 2016.

In addition to the grievances set out in the first opinion, the EC found that Hungary recently adopted amendments to its energy legislation which jeopardise the right of market operators to a full judicial review of the national regulatorʼs decisions on network tariffs. Therefore, the EC is sending a second reasoned opinion.

Hungary has two months to inform the Commission of the measures taken to remedy the situation, following which the EC may decide to refer the case to the Court of Justice.

ADVERTISEMENT

Business, consumer sentiment improve in January Analysis

Business, consumer sentiment improve in January

Márki-Zay tests positive for COVID-19 Elections

Márki-Zay tests positive for COVID-19

New partner announced at act Bán & Karika Attorneys at Law Appointments

New partner announced at act Bán & Karika Attorneys at Law

Gov't calls for technical screening of László Papp Arena City

Gov't calls for technical screening of László Papp Arena

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.