Response to the energy crisis? Lex RES III aims to prevent another Bohemia Energy

In addition to storage and flexibility, Lex RES III also introduces stronger customer protection in the retail market. Electricity and gas traders will be required to disclose how much electricity they have secured through long-term contracts. Customers will thus know which traders are prudent and which, conversely, are taking risks. However, this is not the only change responding to the energy crisis.

Lex RES III is undoubtedly among the most anticipated and discussed energy regulations of recent years. The legislation adds concepts such as storage and flexibility to the Energy Act. Although storage has received the most attention, it is not the only key change introduced by Lex RES III.

Major changes affecting electricity and gas traders have received relatively little attention. They face new obligations that may come as a surprise to some traders. By contrast, customers will welcome them, as their protection is being strengthened.

Secretive risk-taking à la Bohemia Energy? No longer possible