EU Legislation on Energy Trading

Europex has developed this resource to offer a broad overview of EU legislation governing wholesale energy trading. It covers both physical and financial energy markets, which are regulated under EU law.

Only legislation currently in force is included. Where relevant, links to non-binding guidance or supporting documents are also provided.

Relevant and applicable laws for our members.

Europex assumes no responsibility for external content.

  • Third Energy Package

Guidance on best practices for congestion management procedures in natural gas transmission networks

Commission SWD(2014) 250 final

...
  • ACER , 
  • Electricity Market Design Review

ACER Regulation

Regulation (EU) 2019/942 establishing a European Union Agency for the Cooperation of Energy Regulators (Text with EEA relevance). Consolidated text:23/06/2022.

...
  • Gas Network Codes and Guidelines

Balancing Network Code (BAL NC)

Commission Regulation (EU) No 312/2014 establishing a Network Code on Gas Balancing of Transmission Networks.

...
  • Gas Network Codes and Guidelines

Interoperability Network Code (INT NC)

Commission Regulation (EU) 2015/703 establishing a network code on interoperability and data exchange rules.

...
  • Gas Network Codes and Guidelines

Capacity Allocation Mechanism Network Code (CAM NC)

Commission Regulation (EU) 2017/459 establishing a network code on capacity allocation mechanisms in gas transmission systems. Current consolidated version: 15/03/2021

...
  • Gas Network Codes and Guidelines

Transmission Tariff Structures Network Code (TAR NC)

Commission Regulation (EU) 2017/460 establishing a network code on harmonised transmission tariff structures for gas.

...
  • Security of supply

European Energy Security Strategy

The Energy Security Strategy (COM/2014/0330 final) was released in May 2014 in response to concerns about EU energy dependence and supply disruption. It aims to ensure a stable and abundant ...

  • Trans-European Networks

Trans-European Networks for Energy Regulation (TEN-E)

Regulation (EU) No 347/2013 on guidelines for trans-European energy infrastructure. On 15 December 2020, the European Commission adopted a proposal to revise the 2013 regulation on trans-European networks in energy ...

  • Renewable Energy Directive

Renewable Energy Directive (RED II)

Directive (EU) 2018/2001 (recast) on the promotion of the use of energy from renewable sources. Current consolidated text: 20/11/2023 On 14 July 2021, the European Commission proposed the revision of ...

  • EU ETS

EU Emissions Trading System Directive (EU ETS)

The EU ETS is a cornerstone of the EU’s policy to combat climate change and its key tool for reducing greenhouse gas emissions cost-effectively. It is the world’s biggest carbon ...

  • EU ETS

Market Stability Reserve (MSR)

The Market Stability Reserve (MSR) aims to provide stability for the EU emissions trading system (EU ETS) by addressing the current surplus of allowances and improving the system’s resilience to ...

  • EU ETS

Auctioning of Greenhouse Gas Emission Allowances Regulation (Auctioning Regulation)

Commission Regulation (EU) No 1031/2010 on the timing, administration and other aspects of auctioning of greenhouse gas emission allowances. As amended by: Commission Regulation (EU) No 1210/2011 Commission Regulation (EU) ...

  • Tackling VAT Fraud

Tackling VAT Fraud

Domestic reverse charge mechanism to combat MTIC fraud The derogation to allow the optional application of the domestic reverse charge mechanism (DRCM) was permitted by Council Directive 2010/23/EU (insertion of ...

  • EMIR

European Market Infrastructure Regulation (EMIR)

The European Market Infrastructure Regulation (Regulation (EU) No 648/2012) establishes EU-wide rules for over-the-counter (OTC) derivatives, central counterparties (CCPs), and trade repositories (TRs). It aims to improve market transparency, reduce ...

  • BMR

Benchmark Regulation (BMR)

The Benchmarks Regulation (Regulation (EU) 2016/1011) establishes EU-wide rules on the use and administration of benchmarks in financial instruments, financial contracts, and investment fund performance measurement. It entered into force ...