Modernising the ECT: Stalemate whilst EU prepares to withdraw

Against the background of recent announcements by a number of EU Member States of their intention to withdraw from the ECT, and in light of the material consequences that both the EU and its Member States’ withdrawal and the approval of the modernised ECT may have for investors in the energy sector, we take the opportunity, in this post, to recall what is at stake and to go through the main changes to the ECT that are still scheduled to be voted on in April 2023.