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Completing the EU internal energy market

. Completing the EU internal energy market. Peter Pozsgai – European Commission, DG ENER. EU energy policy. Competitiveness. Sustainability. Security of Supply. EU energy policy has consistently been defined by three objectives. Completing the EU internal energy market. Target date 2014

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Completing the EU internal energy market

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  1. Completing the EU internal energy market Peter Pozsgai – European Commission, DG ENER

  2. EU energy policy Competitiveness Sustainability Security of Supply EU energy policy has consistently been defined by three objectives

  3. Completing the EU internal energy market • Target date 2014 • What is to be done? • Implementing Third energy package • Harmonising market rules and network operation rules • Enforcing competition and State aid rules • Enhancing investments in infrastructure • Empowering consumers • Promoting regional initiatives

  4. Implementing the Third energy package • A timely and correct implementation is a precondition for market opening and integration in the EU • Key topics: • Unbundling of networks • Strengthening of independence and powers of national regulators • Empowering of consumers • New institutional set up • Implementation process to be accelerated

  5. Harmonising market rules and network operation rules • Rules to operate networks and markets on the basis of common principles • Objective: facilitate cross-border trade and reduce transaction costs to the benefit of businesses and consumers • Development of framework guidelines and network codes; extensive process involving stakeholders

  6. Introducing a new institutional set up • ACER • Key role in developing technical rules at EU level together with ENTSOs and Commission • Can adopt decisions on cross border issues • Monitors and reports on market functioning • ENTSO • Key role in developing technical rules at EU level together with ACER and Commission • Develop network development plans • Promote regional cooperation between TSOs

  7. Enhancing investments in infrastructure Gas Electricity Electricity and Gas Oil and Gas Smart Grids for Electricity in the EU Baltic Energy Market Interconnection Plan Electricity & Gas North Seas Offshore Grid Central / South Eastern Electricity Connections North-South Gas Interconnections & Oil Supply North-South Gas Corridor in Western Europe Southern Gas Corridor South Western Electricity Interconnections See: http://ec.europa.eu/energy/infrastructure/strategy/2020_en.htm

  8. Enforcing competition rules in the EU • Energy regulation interacts directly with application of competition and State aid rules • EU internal energy market can only function if rules on competition and State aids are respected • Effective enforcement by Commission and by national competition authorities remains essential

  9. Empowering consumers • We need more competition, better choice, smarter technologies and protection of vulnerable consumers

  10. Promoting regional initiatives in the EU • New dynamism in regional initiatives - both for electricity and for gas - is fundamental to get to full market integration by 2014

  11. EU + EEA Energy Community Parties Energy Community Observers Other Neighbourhood Policy Countries Extending the EU energy market to neighbouring countries Source: European Commission

  12. Thank you for your attention

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