Publication

In 2009, the EU established an institution designed to serve as a pan-European energy regulator. Unfortunately, the organization created -- i.e., the Agency for the Cooperation of Energy Regulators (ACER) -- was politically compromised at birth. It was deliberately not equipped with the supranational regulatory capabilities it needed. Despite these current limitations, however, this commentary argues that ACER should play a critical role in building a competitive and yet coherent energy market in Europe.