The energy sector is developing rapidly. The process of European market integration began some years ago. Its purpose is to create a single European market that enables market parties to trade gas and electricity across national borders easily and efficiently.
Statutory frameworks and legal status
Both in the Netherlands and in Germany, TenneT almost exclusively performs regulated tasks arising from our designation by law as a grid operator.
- provide connection and transmission services
- provide system services
- facilitate the energy market
In performing these tasks, we are bound by statutory frameworks, such as the Electricity Act 1998, the European codes, and the Electricity Grid Code. In the Netherlands, our compliance with legislation is overseen by the Authority for Consumers & Markets (ACM); in Germany, the same is done by the Bundesnetzagentur (BNetzA), the Federal Network Agency. TenneT is wholly-owned by the State of the Netherlands.