Penalties

EU member states (MS) are required to set appropriate penalties for any infringements with regards to the network codes and guidelines of this regulation. The European Commission (EC) should be notified of these rules and measures. They can impose fines of up to 1% of the total turnover of the preceding business year, if an organization fails to supply the correct information within the time frame requested by the EC. This information can be requested by the EC from MS or regulated bodies, to ensure this regulation is complied with.

Within six months of the adoption of this regulation, EU MS must complete the existing and national risk assessments covering the natural gas, storage facilities, hydrogen terminals and storage facilities, and LNG facilities. A preventive action plan s