European Energy Union is a reality in Europe

 

More than ever, European Union needs to support a concrete alliance of European authorities, EU Member States and energy businesses, in order to ensure European citizens that Europe has secure, affordable and climate-friendly energy and to support in the end the European Energy Union that has become a reality in Europe.

EEU – Energy Excellence with Us main purpose is to have a European Union secure and stronger.

European Commission has declared that this can be made if we will design a European Energy Union with citizens at its core, where citizens take ownership of the energy transition, benefit from new technologies to reduce their bills, participate actively in the market, and where vulnerable consumers are protected.

Today, the European Union has energy rules set at the European level, but in practice it has 28 national regulatory frameworks. National regulatory authorities that have not succeed to implement European rules and to create one functional energy market.

This cannot continue and EU has no other choice than to define only one regulator for all Member States. It is known that an integrated energy market is needed to create more competition, lead to greater market efficiency through better use of energy generation facilities across the EU and to produce affordable prices for consumers. We all know that the retail market is not functioning properly. Many household consumers have too little choice of energy suppliers and too little control over their energy costs.

An unacceptably high percentage of European households cannot afford to pay their energy bills. Energy infrastructure is ageing and not adjusted to the increased production from renewables. There is a need to attract investments, but the current market design and national policies do not set the right incentives and provide insufficient predictability for potential investors. Energy islands continue to exist as many markets are not properly connected to their neighbors.

This adds to the costs faced by consumers and creates vulnerability in terms of energy security. We are still leaders in innovation and renewable energy, but other parts of the world are fast catching up and we have already lost ground when it comes to some clean, low carbon technologies. Building up investment in high-tech, globally competing companies through stable policies will bring jobs and growth to Europe.

New business sectors, new business models and new job profiles will emerge. Such transformational change profoundly affects the roles of all actors in the energy system, including the consumers. Europe needs to make the right choices now. If it continues on the present path, the unavoidable challenge of shifting to a low-carbon economy will be made harder by the economic, social and environmental costs of having fragmented national energy markets.[1]

[1] European Commission Brussels, 25.2.2015 COM(2015) 80 final, Energy Union package communication from the  Commission to the European Parliament, the Council, the European Economic and Social Committee, the Committee of the Regions and the European Investment Bank a Framework Strategy for a Resilient Energy Union with a Forward-Looking Climate Change Policy

 

 

European Energy Union – Our Way Forward

 

The EEU – Energy Excellence with Us, has the same strategy as the EU, completing the designed dimensions with the special need for control of all investments in energy projects and the necessity to make use even more than now of the IT technology.

We remember that EU has five mutually-reinforcing and closely interrelated dimensions designed to bring greater energy security, sustainability and competitiveness:

  1. Energy security, solidarity and trust;
  2. A fully integrated European energy market;
  3. Energy efficiency contributing to moderation of demand;
  4. Decarbonising the economy, and
  5. Research, Innovation and Competitiveness