Haven Power

MEPs back integrated energy markets

MEPs back integrated energy markets


 

A fully integrated internal electricity market could save EU consumers €12-40bn/ year by 2030, MEPs have stated in a motion passed in the European Parliament. Passed on Tuesday 15 December, the resolution called for the common energy market to be the cornerstone of the energy union and was passed by 403 votes to 177, with 117 abstentions. MEPs also called for revision of existing energy efficiency legislation, including the Energy Performance of Building Directive and the Energy Efficiency Directive, noting that 61% of EU gas imports are used in buildings, mainly for heating. The motion also called for the European Commission’s proposed 10% interconnection by 2020 target to be supplemented by a 2030 target.

 

European Parliament