WHAT IS OUR POSITION ?
In 2015, the European Commission launched the idea of a more resilient Energy Union, with an ambitious climate policy at its core. The goal was to give EU consumers – households and businesses – secure, sustainable, competitive and affordable energy. Since then, the implementation of the Energy Union’s legislative framework, consisting of a series of Directives and Regulations, has made significant progress.
After intensive discussions between the Commission, the Council and the European Parliament, the ETS scheme was reformed and extended until 2030 and new binding climate targets were agreed with the Member States. These initiatives form the basis of the joint implementation of the Paris Climate Agreement. The EU also sets its goals for renewable energy and energy efficiency. Lastly, Europe will continue to work for a more integrated energy market. The Member States shall translate these goals into national energy and climate plans, which will be monitored by the European Commission.
Agoria is calling on the EU to continue the integration of the gas and electricity market and so consolidate the level playing field for businesses. The Union must also safeguard external supply security and continue to play a pioneering role in the area of carbon emissions reduction, energy efficiency and renewable energies. The EU must encourage innovation and the adoption of low carbon intensity technologies.
WHAT ARE OUR CONCRETE RECOMMENDATIONS ?
- Ensure that European energy-intensive industry has fair competition conditions vis-à-vis third countries that have made less ambitious climate commitments (carbon leakage). In the same context, maintain compensation to electricity-intensive companies for indirect emission.
- Predictable long-term market conditions in order to foster the investments needed to secure a long-term security of supply, for all low-carbon technologies
- Identify opportunities that generate from “More Europe” in the Security of Supply management.
- Continue the development of appropriate infrastructure (both for gas and power) to interconnect the more isolated energy grids. A consumer-oriented decentralised energy system still needs a well-functioning infrastructure to provide an adequate supply of secure energy.
- Enhance energy flexibility through the development of energy storage and demand response capabilities
- Maintain external security of supply: a diverse set of import sources is crucial. Security of supply means also a diverse internal energy mix, as well as a diversity of suppliers, supply networks and routes.
- The deployment of new energy technologies could make Europe more dependent on other raw materials (i.e. precious metals). There is a large role for a well-functioning circular economy in Europe that promotes reuse and improves security of supply in order to make the use of critical raw materials more efficient and sustainable.
- Research and Innovation will provide the technologies to lead the transformation, there should be a key focus on commercialization