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28 Mar 2017

Completing the Internal Energy Market blueprint: the end of the beginning

It’s often said that it takes a long time to get things done in Europe. However, on Thursday 16th March 2017 the blueprint for a fully integrated Internal Energy Market (IEM) was completed when Member States voted to adopt the Network Code on Electricity Balancing. Developed under the Third Energy Package, the IEM aims to promote competition, cross-border trading and security of supply to create an affordable and clean energy future, through a set of legally binding common technical and commercial rules. This marks the end of nearly eight years of intense, protracted and at times painstaking policy development. 

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