| Author (Corporate) | European Commission: Press and Communication Service |
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| Series Title | Press Release |
| Series Details | IP/03/1694 (10.12.03) |
| Publication Date | 10/12/2003 |
| Content Type | News |
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The Commission proposed a new legislative package on 10 December 2003 to promote investment in the European energy sector to both strengthen competition and help prevent the reoccurrence of the blackouts that took place during summer 2003. In particular, it highlights the major importance of a clear demand management, through the development of a more oriented energy efficiency policy. It also emphasises the need of a clear EU legislative framework for the proper functioning of a competitive internal market for electricity, by safeguarding security of electricity supply and ensuring an adequate level of interconnection between Member States, through general, transparent and non-discriminatory policies. Moreover, the Commission makes further proposals for the Energy TransEuropean networks in electricity and gas, in order to make it more efficient, to link decisively the future new Member States to the Energy Single Market, and to develop a similar approach with neighbouring countries. It also proposes a regulation on cross-border exchanges in gas which will incorporate in the EU legislation the guidelines agreed by the sector and empower the national regulators to ensure their implementation. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/03/1694&format=HTML&rapid=0&language=EN&guiLanguage=en&display= |
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| Subject Categories | Energy |
| Countries / Regions | Europe |
