At a signing ceremony held in Vienna on December 12, three regional associations of energy regulatory authorities signed a cooperation arrangement that will strengthen regulatory cooperation between energy regulators across Europe through to the Mediterranean, South East Europe, and Black Sea regions, MEDREG said.

Council of European Energy Regulatory (CEER) President Garrett Blaney, Energy Community Regulatory Board (ECRB) Giorgi Pangani and Association of Mediterranean Energy Regulators (MEDREG) President Gülefşan Demirbaş signed the agreement. All three associations have dedicated themselves to fostering a compatible and transparent energy regulation by promoting best practices and exchanging experiences. There are also some common memberships of the organisations, which naturally promotes convergence of goals and principles, said MEDREG.

“The arrangement is a logical next step forward for our organisations for greater pan-European integration,” Blaney said.

For his part, Pangani said the agreement reaffirms the values that all three organisations share and puts their cooperation on a firmer basis.”

Demirbaş said, “We are moving from individual initiatives for cooperation to an integrated approach.”

All three presidents stressed the importance of achieving a common set of harmonised regulatory and legal rules for interconnected gas and electricity systems.

In particular, this cooperation lays the groundwork for exchanging best practices in the field of energy market regulation; promoting capacity building, joint events and training on regulatory topics; strengthening existing bilateral and trilateral cooperation mechanisms, and developing joint reports where feasible and beneficial for all three organizations, MEDREG said.

On the occasion of the Austrian presidency of the Council of the European Union, the signing ceremony took place at the premises of the Austrian regulator, E-Control in Vienna.