Full liberalisation of the electricity and natural gas markets introducing competition not only changed the legislative framework for electricity and gas companies’ activities in Austria, but transformed the market oversight arrangements, too.
For this purpose, the legislator passed the Energie-Regulierunsgbehördengesetz (Energy Regulatory Authorities Act) and set up E-Control as a limited liability company, which took up activities on 1 March 2001. On 3 March 2011, E-Control was transformed into a public authority pursuant to sections 2 and 43 of the E-Control-Gesetz (E-Control Act). Our task is to supervise, accompany and, if necessary, regulate the liberalisation of the Austrian electricity and natural gas markets.
- Setting the framework:
- Establishing market rules for competition
- Regulating network tariffs
- Exercising market oversight:
- Identifying and remedying competition violations
- Tracking and analysing market developments
Ex ante regulation involves determining the rules for competition in advance. This includes network tariff determination and the formulation of the market rules in consultation with market participants.
In the event of a breach of these rules or of the overall rules governing competition, the regulatory authorities may intervene by means of ex post regulation and identify and put an end to any infringements. In such cases E-Control cooperates closely with the Federal Competition Authority and Federal Cartel Prosecutor. An important element is market oversight. Market monitoring allows tracking and analysing developments on the market.