An amendment in the Energy Act allows the Regulator to express opinions on deals for acquisition of assets by energy companies

21.09.2018

This was decided at the second discussion of the amendments to the Energy Act, with the specific proposed text being: “The Commission shall express opinions following the authorization or approval by other state bodies competent to deal with the transactions”.  

The previous amendments to the Energy Act set out the right of EWRC to undertake actions (and now – to comment on deals) for energy companies to acquire more than 20% of the assets, but there is also a need to define criteria for this. An important point is that EWRC will be able to comment only if there is a positive acknowledgement from the relevant state authorities that have previously issued an opinion.

Source: 3E