Agency for the Cooperation of Energy Regulators (ACER)

The Agency for the Cooperation of Energy Regulators (ACER) is a Community body with legal personality established based on the provisions of Regulation (EC) No 713/2009 of the European Parliament and of the Council of 13 July 2009 establishing an Agency for the Cooperation of Energy Regulators (RAE) . ACER officially started operating in March 2011 and has its headquarters in Ljubljana, Slovenia.

The main objective of the Agency is to assist and coordinate the actions of national energy regulators at European Union (EU) level, to ensure the integration of the electricity and gas market and to harmonize regulatory frameworks within the framework of its objectives Energy policy of the EU.

It also advises the European Commission to make binding decisions for the Member States. It intervenes with recommendations for resolving disputes between regulators and contributes to the creation of common pan-European codes.

ACER plays a central role in the development of a European-level and market-based network to strengthen competition. The Agency coordinates regional and interregional initiatives that contribute to market integration. It monitors the work of the European Networks of Transmission System Operators (ENTSOs) and monitors the general functioning of the gas and electricity markets, and in particular the operation of wholesale energy trading. In 2011, pursuant to Regulation (EU) No 1227/2011 on the wholesale energy market integrity and transparency (REMIT) and 2013, pursuant to Regulation (EU) No 347/2013 on the guidelines for trans-European Energy infrastructure, ACER was tasked with additional tasks.

The Agency consists of the Board of Directors, whose members are appointed by the European Institutions, the Regulatory Council, which is made up of senior representatives of the EU Member States' RAEs and the Board of Appeal, which is subject to the Agency but independent of Its administrative and regulatory structures and which is dealing with appeals against ACER's decisions.

Cyprus is represented in the Regulatory Board by the President of CERA.