Pan European Networks - Government - page 214

We have approved an important regulation for
granting more fluidity to the financial markets
when trading energy products; the so called
Regulation on Energy Market Integrity and
Transparency (REMIT) regulation will contribute to
the development of more efficient and transparent
wholesale markets.
Energy is indeed one of the societal challenges
included in Horizon 2020, the framework
programme for research and innovation for the
period 2014-2020. Considering the scarcity of
resources, the increase of energy needs and
climate change, Horizon 2020 will be fundamental
in enhancing our capabilities and our effectiveness
in reducing fossil fuel dependence.
Security and potential
Our energy security is stronger, external
infrastructure projects are progressing forward and
even if the EU project, Nabucco pipeline project, is
no longer so promising, we had important and
good news at the beginning of July. The Azeri Shah
Deniz Consortium has selected the new gas
supply route to improve the diversification of
Europe’s gas supplies; this route would would
constitute the very important Southern Corridor.
The selection of the Trans Adriatic Pipeline is
certainly good news for the whole EU energy
system, and for Italy, a good opportunity towards
IT
is undeniable that for the revival of the European economy
and for its competitiveness, as well as for having lower rates
for European households, we must address the fact that
the cost of electricity and gas is much too high. We need to make the
price of energy more uniform at the European level, harmonising the
sometimes excessive differences between what each member state pays
for having access to energy.
We pay twice the price that US citizens and enterprises pay. In the light
of our future bilateral free trade agreement, we cannot create a level
playing field without converging energy costs.
The main way to achieve these results is the completion of the internal
market for electricity and gas. As stressed in the last Competitiveness
Council of the Council of the European Union, 29 May, decarbonisation
of our economy and energy security must be our key drivers for any
strategy or roadmap we build for our future. And these are the objectives
required to create the solutions we need to lower prices, eroding what I
believe is the most critical burden for our growth.
Competition and openness
Many results have been achieved, with particular regard to the intensity
of competition and openness of the markets to new suppliers; with the
implementation of the different liberalisation packages we can offer more
choice and flexibility to domestic and industrial consumers. Now in 20
member states there are more than three major electricity suppliers for
gas; between 2003 and 2012, the number of trading platforms for the
exchange of gas has increased tenfold and the number of large exporters
went from 14 to 23 in just ten years. But still a lot must be done: 38
infringement proceedings were open in September 2011, they were
reduced to 26 in September 2012, and the number will continue to
decrease, but maybe too slowly.
Pan European Networks: Government
07
214
A word on energy
The chair of the European Parliament’s Committee on Industry, Research and Energy,
Amalia Sartori MEP,
reflects on the current energy agenda in Brussels
ENERGY
Amalia Sartori MEP
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