EU Plans Energy Super Regulator

28 March 2010 (Last Updated March 28th, 2010 18:30)

The EU is forging ahead with plans to set up an energy agency to act as a prototype European regulator. The regulator could eventually restrict national policymaking but also give important impetus to North Sea wind power projects as well in addition to aiding the development of an Euro

The EU is forging ahead with plans to set up an energy agency to act as a prototype European regulator.

The regulator could eventually restrict national policymaking but also give important impetus to North Sea wind power projects as well in addition to aiding the development of an European supergrid, reports the Guardian newspaper.

EC Energy new director general Philip Lowe told the newspaper that the agency hoped to get the commitment of national regulators such as Ofgem in the UK.

The European Commission says it expects the Agency for the Cooperation of Energy Regulators to open for business by March next year.