The end of negotiations on the Clean Energy for All Europeans package
The European Parliament agreed today to make Europe’s electricity market ready for more renewables, which means an important step in enabling the European Union to embrace the clean energy transition, follow up on the already adopted 2030 climate legislation and the Paris Agreement.
The Commissioner for Climate Action and Energy Miguel Arias Cañete thanked to the EU Parliament this signature because “the EU takes a step closer towards delivering the Energy Union with citizens at its core, one of the key priorities President Juncker set out for this Commission. Today’s approval of the new electricity market design will make energy markets more flexible and facilitate the integration of a greater share of renewable energy.”
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” as explained the European Commission.
“An integrated EU energy market is the most cost-effective way to ensure secure and affordable supplies to all EU citizens”, explained the commissioner Arias Cañete.
The new rules are designed to empower energy consumers to play an active role in driving the energy transition and to fully benefit from a less centralised, and more digitalised and sustainable energy system. By allowing electricity to move freely to where it is most needed, society will increasingly benefit from cross-border trades and competition to keep energy costs and prices in check. The new market design also contributes to the EU’s goal of being the world leader in energy production from renewable energy sources by allowing more flexibility to accommodate an increasing share of renewable energy in the grid. The shift to renewables and increased electrification is crucial to achieve carbon neutrality by 2050.
The Council of Ministers of the EU will have to formally approve the texts of the Directive and three Regulations, after which the new laws will be published in the Official Journal of the Union. The Regulations will enter into force immediately (with a date of application of 1 January 2020 for the Electricity Regulation) and the Directive will have to be transposed into national law within 18 months.