Italian Regulatory Authority for Electricity Gas and Water is the independent body which regulates, controls and monitors the electricity and gas markets in Italy.
It has been established by the law November 14th 1995, n.481 with the purpose to protect the interests of users and consun mers, promote competition and ensure efficient, cost-effective and profitable nationwide services with satisfactory quality levels.
The Authority mission includes defining and maintaining a reliable and transparent tariff system, reconciling the economic goals of operators with general social objectives, and promoting environmental protection and the efficient use of energy. It provides an advisory and reporting service to the government and parliament, and formulates observations and recommendations concerning issues in the regulated sectors of electricity and gas.
The Authority is governed by a Committee of five members who stay in charge for seven years. Since February 2011, the members are Guido Bortoni, President, Alberto Biancardi, Rocco Colicchio and Valeria Termini.
With the law November 2011, n. 214, Aeeg has now competences also in regulating, controlling and monitoring water services. The mentioned law provides that: "with respect to the national Agency for both regulation and vigilance of water services, the functions of regulation and control of water services are assigned to the Authority making use of the same powers given by the law November14th 1995, n.481".
The Authority involves its own stakeholders (consumers system operators, market participants, trade unions and industrial associations) in the decision proceeding, through public consultations and auditions; some of its most relevant decisions are submitted to application of Regulatory Impact Analysis (RIA)
The Authority maintains bilateral relations with all the European regulators and in particular with those belonging to countries sharing a border with Italy. Furthermore, it collaborates with many non-UE Regulators to exchange best practices and share experiences.
The Authority takes part in the regulatory board of the Agency for the Cooperation of Energy Regulators(ACER), the EU body established in 2009 to assist National Regulatory Authorities in exercising, at EU level, the regulatory tasks that they perform in the Member States and to coordinate their action on regulatory aspects of cross-border energy trade.
The is involved in the ongoing ACER working groups on REMIT implementation.
The Authority is a founder member of the Council of European Energy Regulators (CEER), the non-for-profit association established on a voluntary basis to promote cooperation, exchange best practices among national regulators and to facilitate the creation of a single, competitive, efficient and sustainable EU internal energy market. CEER also maintains numerous contacts with new regulators or those currently being set up, especially in countries that have applied for EU membership and other European transition countries.
The Authority takes part also to Twinnings project financed by the Eu Commission
The Authority holds the permanent vice-presidency of MEDREG (Association of Mediterranean Regulators for Electricity and Natural Gas) a body established to promote the integration of the energy markets in the Mediterranean area. MEDREG Secretariat is set in Milan and hosted by the Italian Regulatory Authority.
The Authority also collaborates with the International energy regulation network (IERN), a web platform that aims at facilitating information exchange on electricity and gas market regulation, and with the Florence School of Regulation (FSR).