15Article 23(1) and (2) of the Law on electricity provides:1. A [CREG] shall be created. The [CREG] shall be an autonomous body with legal personality, having its seat in the Brussels Capital administrative district [(Belgium)].The [CREG] shall take all reasonable measures to achieve the following objectives within the framework of its duties set out in Article 23(2), in close consultation, where appropriate, with the other federal authorities concerned, including the Autorité belge de la concurrence (Belgian Competition Authority), and without prejudice to their competences:…2. The [CREG] shall be entrusted with the duty of advising the public authorities on the organisation and operation of the electricity market, on the one hand, and with the general duty of supervising and monitoring the application of the laws and regulations relating thereto, on the other hand.To that end, the [CREG] shall:…3° monitor transparency and competition on the electricity market in accordance with Article 23a;3°a assess whether the relationship between prices and the costs of the undertaking referred to in Article 23b is objectively justified;4° monitor and control trading activity in wholesale energy products in accordance with Regulation (EU) No 1227/2011 [of the European Parliament and of the Council of 25 October 2011 on wholesale energy market integrity and transparency (OJ 2011 L 326, p. 1)], while respecting the respective competences of the Belgian Competition Authority and [the Autorité des services et marchés financiers (Financial Services and Markets Authority) (FSMA)];…8° monitor compliance by the system operator and electricity undertakings with their obligations under the present law and its implementing decrees, as well as other legislative and regulatory provisions applicable to the electricity market, in particular with regard to cross-border issues and the matters covered by Regulation (EC) No 714/2009 [of the European Parliament and of the Council of 13 July 2009 on conditions for access to the network for cross-border exchanges in electricity and repealing Regulation (EC) No 1228/2003 (OJ 2009 L 211, p. 15)];9° monitor the application of the technical regulation, approve the documents referred to by that regulation, in particular as regards the conditions for connection and access to the transmission system and the balance responsibility requirements in the control area, and assess the past performance of the rules in the technical regulation governing the security and reliability of the transmission system;…’
Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.