INTERNAL ENERGY MARKET
a result, gas and electricity networks are expanding, improving integration, and stimulating competition in the internal market. Consequently, the question is not so much “is energy infrastructure investment going in the right direction?” but whether it is being built up fast enough. Member States are also increasing their electricity
generation capacity, notably from renewable energy sources and are investing in biofuels infrastructure, contributing to a low-carbon energy system. Whilst this is undoubtedly progress insofar as it helps to ‘complete’ the internal market, everyMember State currently sets its own rules. They must, therefore, keep in mind that although decisions are currently made on a national level, it is on a European level on which they will impact. •
Stimulating Competition In a number of areas many EU countries are falling
short. To speed up the process, the Commission will do more to help consumers reap the benefits of a competitive market. Measures to make the internal energy market work include:
• Ensuring all countries apply all the rules correctly – some do not yet, especially the rules on interconnecting gas
and electricity markets
• Making sure consumers are aware of all their rights, including the right to switch from one supplier to
another with 3 weeks’ notice and at no cost – which could represent €13 billion a year in savings for consumers if everyone were paying the cheapest rates
• Promoting the roll-out of smart metering – which enables consumers to monitor their consumption in real time
and better manage their energy bills
• Clearer presentation of prices, tariffs and offers – protecting vulnerable consumers
• Removing regulated prices – which give consumers a false impression prices are at the fairest level and which are a
barrier to more competition and investment (currently 9 EU countries do NOT regulate retail prices).
Tobias Paulun is Director Strategy & Market Design, Managing Director of the Exchange, EEX.
www.eex.com
5 . - 7 . 2 . 2 0 1 3 Essen /Germany
B U S I N E S S N E T W O R K
www.e-world-2013.com
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