The study assessed the status quo of the opening and completion of the internal energy market in gas and electricity for the use of the European Parliament ITRE Committee. The current status of implementation and transposition of the 2nd energy package was assessed and furthermore the 3rd energy package was discussed at length. Topical questions such as market concentration, price regulation, interconnectedness, investment in network infrastructure and powers of the regulators were discussed. The study gives an assessment of the road ahead and recommends needed policy steps.