The paper focuses on the process of liberalization of the electricity market and its functioning in the EU. The European electricity market is in the middle of its transformation from a monopolistic state-owned production and distribution to privatized markets with various competing firms. The...

The paper summarizes liberalization and the EU gas market opening along with its prospects and forecasts. The European gas sector is committed to ensure that natural gas, with strong environmental advantages is able to play its full part in a competitive, secure and sustainable energy sector. A...