Energy Union – one year on!
Energy Union – the plan to ensure that Europe has secure, affordable and climate-friendly energy – is celebrating its first anniversary! Much has already happened in the quest to make Energy Union a reality. And, of the back of the COP21 agreements 2016 is set be a big year for implementation with another series of implementing initiatives being brought forwards by the European Commission. Recently, the Commission launched its landmark ‘security of supply package’. The package contained a raft of measures from boosting regional cooperation to prevent gas supply crises, new rules for energy-related intergovernmental agreements, a new strategy for gas storage and Liquid Natural Gas (LNG) and a strategy on heating and cooling. In the second half of this year will come a review of the Energy Efficiency Directive and the Energy Performance of Buildings Directive. In autumn of this year, the second State of the Energy Union will look at how far Energy Union has come in 2016 and how far it must travel to achieve its targets. And towards the end of this year, you should also expect more on electricity markets with a proposal on electricity market design and the revision of the security of supply for electricity regulation. The Commission will also be examining progress made on infrastructure projects known as Projects of Common Interest, and looking at what needs to be done to reach the 15% electricity interconnection target for 2030. The renewable energy directive will also be revised, and a bioenergy sustainability policy for 2030 set up. "The first year of the Energy Union has already proved that this strategic framework for transition of Europe´ s energy system is living up to expectation.
By the end of 2016 Commission Vice-President Maroš Šefčovič estimates that the EU will have delivered some 90% of the strategy, in an attempt to remain focused on the major issues.