Abstract :
The European Union´s Electricity and Gas Directives herald an era of radical change that will progressively liberalise the European energy markets. Three major factors emerge: there will be a single European network, with gas as the dominant fuel; the structure of the industry will change, with companies unbundling and rebundling into three sectors: energy, asset and retail; and these changes, occurring within a transformed European political and economic landscape, will combine to make Europe the world´s most competitive power market. The infrastructure, market changes, convergence of electrical and related utilities, and the organisation of the utilities are discussed
