1. EURELECTRIC Market Roadmaps Internal electricity market:  roadmap for integrated European (wholesale) markets External aspects:  roadmap towards compatible market conditions in EU and CIS

2. Pan-European market Road Map to a European Electricity Market: parallel approach Integration at European level 2007-12 Coordination between regions 2005-10 Development within regions 2005-09 Continued liberalisation of national markets 2005-07

3. Harmonise market transparency and provision of data Congestion management Introduction of harmonised cross-border intra- day markets Harmonise balancing market rules, including settlement Address coordination of planning processes for new interconnectors and regional grid Proposed agenda for regional initiatives

4. External aspects: EURELECTRIC Approach Three pillars: market, environment, technical interconnections Market, environment protection and nuclear safety conditions should be made compatible in parallel with interconnection issues Interconnection (technical) issues are not handled by EURELECTRIC

5. Market Roadmap Consists of four Phases:  Phase 0: current phase  Phase 1: prepare conditions for limited wholesale market opening  Phase 2: prepare conditions for full wholesale market opening  Phase 3: ensure conditions for full market opening, also at retail level

6. Current Situation  We are in roadmap’s phase O  preparation to launch political process  preparation to establish a mechanism of monitoring, control and dispute settlement: Common Regulatory Council