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Transforming Europe's energy system - EC proposes new deal for energy consumers, redesign of electricity market and revision of energy labelling for more clarity

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On 15 July 2015, the European Commission presented a package of proposals to deliver a new deal for energy consumers, to launch a redesign of the European electricity market, to update energy efficiency labelling and to revise the EU Emissions Trading System (ETS).

 

This package is an important step towards implementing the Energy Union strategy with a forward looking climate change policy, launched as one of the political priorities of the Juncker Commission in February 2015. These proposals highlight the "energy efficiency first" principle and put households and business consumers at the heart of the European energy market.

 

The key points of the package are the following:

 

  • A European Emissions Trading System fit for the future

 

The proposed more targeted approach aims at safeguarding the international competitiveness of industry sectors that are at the greatest risk of seeing their production relocated outside the EU to less Green House Gas constrained jurisdictions, as well as in pushing energy investment toward innovative and cleaner alternatives. Furthermore, the Commission proposes that revenues from the emission trading are used by Member States to finance actions to help third countries adapting to the impacts of climate change.

 

  • Energy efficiency label revision for more clarity

 

The Commission proposes returning to the original A to G energy label scale, which is simpler and well understood by consumers.

 

  • Empowering energy consumers

 

The Commission presents a Communication on delivering a new deal for energy consumers, based on a three-pillar strategy:

  1. helping consumers save money and energy through better information;
  2. giving consumers a wider choice of action when choosing their participation at energy markets and
  3. maintaining the highest level of consumer protection.

 

  • New energy market design

 

The Commission launches a Public Consultation on what the new electricity market design should look like in order to meet consumers' expectations, to deliver real benefits from new technology, to facilitate investments -notably in renewables and low carbon generation-, and to recognise the interdependence of Member States when it comes to energy security.

 

 

For further information, please visit the relevant European Commission website: http://europa.eu/rapid/press-release_IP-15-5358_en.htm?locale=EN

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