The EESC welcomes the Commission's proposal for a new market design, a risk preparedness regulation and the new organisation of the energy regulators' cooperation. The Committee highlights that well-functioning electricity markets are a precondition for fulfilling the goals of the Energy Union. For the markets to function well, significant changes in the market design are necessary, particularly due to the increasing use of variable renewable electricity. The EESC appreciates the general approach of the market design package, especially the goals of putting consumers at the heart of the energy market, increasing electricity supply and strengthening regional cooperation.
Strengthening Europe's energy networks - Related Opinions
The EESC endorses the Energy Union and considers its implementation urgent – this could lead to making energy the fifth EU freedom. At the same time, the Committee stresses the need for a clearer message a leading vision – on what European citizens and enterprises will gain from the Energy Union. It also underlines that the Commission, when preparing proposals for reviews of energy legislation, as outlined in the roadmap, should avoid inconsistencies and increasing costs but rather try to simplify processes. The Committee recommends that the most urgent priority, notwithstanding the importance of security of supply and the sustainability, should be action on energy costs.