Financial Investors and the Unbundling Provisions for TSOs

摘要

The objective of this article was to provide the reader with a thorough analysis of the ownership unbundling provisions, as well as their impact on financial investors and to conclude with a reflection on whether an amendment of these provisions would be necessary.rnThe Third Energy Package further liberalised and integrated the European energy market. The old vertical structures are slowly fading away. The ownership unbundling approach was the latest attempt to move away from this model.rnBecause of the natural monopoly characteristics of energy transmission networks, this part of the gas/ electricity industry is a non-competitive market and needs to be separated from competitive activities such as production and supply, in order to prevent misuse through the control of the transmission networks.