University of Tehran Journal Of Researches Energy Law Studies 2538-3140 6 1 2020 03 20 THE EU ELECTRICITY MARKET REGULATORY THE EU ELECTRICITY MARKET REGULATORY 133 152 78057 10.22059/jrels.2020.276783.269 FA Mohammad Sardoeinasab Associate Professor, Department of Private Law, Faculty of Law, University of Tehran (Farabi Campus) Hadi Ghaemi PhD Student in Private Law, University of Tehran (Aras Campus) 0000-0001-9302-8974 Journal Article 2019 05 15 In the electricity industry sector, regulations have an important role. Regulatory means regulation and monitoring on electricity systems. In the European electricity market, regulatory has faced different challenges. In this legal system, the electricity market is regulated at both national and European levels. The principles of independence and accountability are seen recently at the both levels. Regulatory authorities have many powers and responsibilities. At the level of the EU, the EC and ACER are the most important elements of the electricity market regulatory framework. Additionally, these two unofficial regulators co-operate alongside them. Network codes have been approved to increase the efficiency of the domestic electricity market and increase co-operation and coordination between network operators. Due to the differences in financial and physical markets for electricity, each of these markets has its own regulating regime. In the electricity industry sector, regulations have an important role. Regulatory means regulation and monitoring on electricity systems. In the European electricity market, regulatory has faced different challenges. In this legal system, the electricity market is regulated at both national and European levels. The principles of independence and accountability are seen recently at the both levels. Regulatory authorities have many powers and responsibilities. At the level of the EU, the EC and ACER are the most important elements of the electricity market regulatory framework. Additionally, these two unofficial regulators co-operate alongside them. Network codes have been approved to increase the efficiency of the domestic electricity market and increase co-operation and coordination between network operators. Due to the differences in financial and physical markets for electricity, each of these markets has its own regulating regime. https://jrels.ut.ac.ir/article_78057_a924d43b718a73ab9ccef3ec24e57f04.pdf