Market participants will define the rules

German energy markets have undergone a profound transformation since the adoption of the new energy law in April 1998. Until then, real competition existed only in the petroleum and products sector. Now, it is being felt throughout the energy economy, although not with equal intensity. The EU guidelines for electricity gave a liberating push to the power market, while in the gas industry developments seem to be much slower, awaiting the EU Gas Directive, which comes into force in August.