The Third Energy Package tasks ACER with monitoring the internal markets for electricity and gas. To this purpose, ACER prepares an annual market monitoring report in close cooperation with the European Commission, National Regulatory Authorities, and other relevant organisations. The legal basis for the Agency’s market monitoring duties is in Article 11 of Regulation (EC) No. 713/2009.
Moreover, the objective of ACER’s market monitoring activities is to explain how energy markets can perform more efficiently, thus making energy more affordable to the benefit of European energy consumers. For example, if barriers to market integration of the internal electricity and gas markets are removed, then the level of competition should improve. As a consequence, ACER market monitoring report aims to compare retail market competition in different markets across the EU, with a view to identifying instances of best practice which improve market performance.
The ACER’s report assesses the internal markets for energy and, in particular, focuses on retail prices (including compliance with consumer rights as mentioned in the Third Package), network access (including grid access for renewable energy sources), and on any barriers to the Internal Energy Market (IEM). The Market Monitoring report consists of 4 parts: electricity wholesale, Gas wholesale, electricity and gas retail and Customer Protection.