Many energy companies are large corporations that have made huge profits, even during times of high energy prices. What impact will this package have on such companies?
Several measures in the package aim to make market entry for newcomers easier. In particular, ownership unbundling and the creation of independent system operators seek to achieve non-discriminatory access to networks for all market participants. With easier market entry, customers will have more choice, which will put pressure on energy prices. It has been observed that in countries with ownership unbundling, electricity prices have increased less than in countries where the networks are still part of supply companies. Moreover, the measure in the package will help to overcome the segmentation of energy markets along national borders. National champions will then have to compete with each other to offer customers the best prices and services. They will, therefore, have to face competition in markets that they dominated. However, unbundling measures also open important business opportunities for them, since they will be able to sell their energy to a European market of nearly 500 milli