|Vertically integrated undertaking|
|European Union Electricity Market Glossary|
Article 2(34) of the said Directive contains, moreover, the definition of ‘control’, which means rights, contracts or any other means which, either separately or in combination and having regard to the considerations of fact or law involved, confer the possibility of exercising decisive influence on an undertaking, particularly by:
(a) ownership or the right to use all or part of the assets of an undertaking;
Nearly identical definitions are in, respectively, Article 2(53) and 2(56) of Directive (EU) 2019/944 of the European Parliament and of the Council of 5 June 2019 on common rules for the internal market for electricity and amending Directive 2012/27/EU.
|Last Updated on Sunday, 08 December 2019 14:09|