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Wednesday, 27 March 2019 11:00

Clean Energy for All Europeans well on track

Clean Energy for All Europeans well on track

New rules making the EU's electricity market fit for the future and putting the consumer at the centre of the energy transition have been signed off by the European Parliament - an important step in enabling the European Union and its Member States to embrace the clean energy transition, follow up on the already adopted 2030 climate legislation and meet the Paris Agreement commitments, Caspian Energy News (www.caspianenergy.net) reports with reference to the press statement of the European Commission.

With the completion of these last four legislative acts, the negotiations on the Clean Energy for All Europeans package are concluded and the EU is on the right path to decarbonise its economy in the second half of the century while maintaining its global competitiveness and creating growth and jobs. Commissioner for Climate Action and Energy Miguel Arias Cañete said: “The approval of the new electricity market design will make energy markets more flexible and facilitate the integration of a greater share of renewable energy. An integrated EU energy market is the most cost-effective way to ensure secure and affordable supplies to all EU citizens”.

The European Parliament has completed the parliamentary approval of the new Electricity market Regulation and Electricity market Directive as well as of the Regulations on Risk Preparedness and on the Agency for the Cooperation of Energy Regulators (ACER).

More details: http://europa.eu/rapid/press-release_MEX-19-1851_en.htm

Person in charge of the newsline: Olga Nagiyeva 

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