February 2015 - Kinstellar’s Energy Law Update provides a timely overview of recent developments in energy policy and energy market regulation in Central, Eastern and Southern Europe, Turkey and Central Asia.
In addition to regulatory updates, reports on market and legislative developments, our Energy Law Update also presents our experts’ views gained from their deep knowledge of the energy markets in Emerging Europe and Central Asia. As such, it has an element of subjectivity – which we hope will make it interesting for our readers.
On 25 February 2015, the European Commission (the “Commission”) issued a comprehensive set of proposals in the form of Commission Communications aiming at the creation of the European Energy Union, consisting of the following documents:
- A Framework Strategy for a Resilient Energy Union with a Forward-Looking Climate Change Policy;
- The Paris Protocol – A blueprint for tackling global climate change beyond 2020; and
- Achieving the 10% electricity interconnection target – Making Europe's electricity grid fit for 2020
(together the “Energy Union Package”).
The Energy Union Package will not only set the scene for the establishment of the new European Energy Union but will also lay down the foundations for and identify the new cornerstones of the European Union’s (the “EU”) energy policy and legislation for the coming years.
In this issue of the Kinstellar Energy Law Update we briefly highlight some of the key statements of the Energy Union Package which we believe are of utmost importance from legal point of view to energy market stakeholders operating in the EU. Please click here to read.
If you have any questions or comments regarding this newsletter, please do not hesitate to contact Kristóf Ferenczi, partner and head of Kinstellar's Energy practice, at +36 1 428 4471, .