The legislation adopted by the Industry, Research and Energy Committee on Thursday introduces new measures to better protect the EU’s wholesale energy market, making the energy bills of European households and businesses more secure from potential short-term market price fluctuations.

The law introduces a closer alignment to EU rules on financial markets’ transparency, covers also new trading practices, such as algorithmic trading, and strengthens provisions on reporting and monitoring to protect consumers from market abuses.

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In their amendments, MEPs reinforce the EU dimension and the supervisory role of the Agency for the Cooperation of Energy Regulators (ACER). In cross border cases, if the Agency detects a breach of certain prohibitions and obligations, it would be able to take various actions, e.g. to demand the end to the breach, issue public warnings and impose fines.

Upon request from a national regulatory authority, ACER…