EURELECTRIC welcomes the Commission’s aim to develop the Energy Union as a single overarching framework for EU energy and climate policy. Indeed, the Energy Union should be seen as a renewed opportunity for Member States to coordinate their national policies and pool resources, delivering secure, competitively priced and sustainable energy for citizens and businesses within an integrated EU energy market.
EURELECTRIC supports the development of a holistic governance system which provides for a coherent approach both to the 2030 climate and energy framework and to Europe’s broader “Energy Union” policy objectives. Our key views on the five main dimensions of an Energy Union are:
- Security of supply can best be reached by pursuing the Internal Energy Market, relying on market mechanisms, and allowing companies to operate in a stable, credible and predictable regulatory climate. Moreover, security of supply should not be confused with self-sufficiency, in particular at national level.
- The Internal Energy Market should be at the core of the Energy Union. Governments should take political leadership to speed up the implementation of the common market and achieve integrated wholesale markets that properly value energy, flexibility and capacity.
- Much of the potential for energy efficiency on the demand side remains untapped. Promoting effective financing tools, innovation, and market approaches to energy efficiency technologies and services will allow citizens to become more active and make the most of this potential in a cost-effective way.
- The Energy Union should build on the EU ETS as the cornerstone of the EU’s climate policy. A strengthened EU Emissions Trading System is needed to meet the EU’s greenhouse gas reduction target and drive major investment in renewables (RES) and energy efficiency in the most cost-efficient way.
- EURELECTRIC welcomes the central role of innovation in the Energy Union, including the expressed commitment to the electrification of transport, and emphasises the importance of all three dimensions of innovation: business model, process and technology innovation.