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Towards a unified European electricity market

tallinn e-energyDuring the informal energy and transport ministers’ meeting in Tallinn on 20 September, EU energy ministers, together with European Commission Vice-President for Energy Union Maroš Šefčovič and Commissioner for Climate Action and Energy Miguel Arias Cañete, discussed the operation of a unified European electricity market.

The discussions focused on key aspects of the electricity market design, in particular the role of consumers, regional cooperation, renewables, and capacity mechanisms. It was stressed that the Commission’s electricity market package can provide real European added value if the EU’s 2030 energy and climate targets are achieved: a 1 per cent increase in GDP, up to €177bn injected into the European economy and as many as 900,000 jobs created.

Broad support was shown for a legal framework that enables consumers to become active participants in energy markets and reap the benefits of the energy transition and technological developments by bringing down costs, combatting energy poverty, and making it easier to switch suppliers. Regional cooperation was also high on the agenda, and the discussion confirmed the large support that exists for enhanced cross-border cooperation to improve security of supply.

Participants also welcomed the “Tallinn E-electricity declaration” signed on 19 September, which will harness the benefits of digitalisation to drive the energy transition.

Source: https://ec.europa.eu/energy




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