Unbundling under the Third Energy Package
May 17th, 2009The Third Energy Package has been agreed. From the publication of the proposals by the Commission, in September 2007, discussions have been dominated by the issue of (ownership) unbundling. Following heavy pressure from some Member States, notably Germany and France, a ‘Third Way’ of unbundling was accepted as another unbundling option. The discussions have taken away attention from other issues and the quality of the Package has suffered as a result. But has it been worth it?