Tag Archive for 'EU Commission'

Commission Proposes to Set Energy Efficiency Target of 30% for 2030

In its Energy Efficiency Communication 2014 released yesterday, the EU Commission proposes a new energy efficiency target of 30% for 2030. Current measures towards the Union’s 20% energy efficiency goal for 2020 will lead to energy savings of 18-19% by 2020, the Communication further states. Yet the goal could be reached without the need for additional measures if Member States properly implemented the already agreed legislation.

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European Commission: Increase of Intra-European Energy Trade Despite Decreased Energy Consumption

The European Commission published its “Quarterly Report on European Electricity Markets”. Energy consumption decreased by 0.7% in 2013 compared to the first three months of the previous year. The development is to be explained primarily by the continuing economic recession, as also the GDP decreased by o.7%. A closer examination of the respective sectors reveals that the recession hit the important energy consumers industry and construction even harder, leading to a reduction of 4.8%.

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European Commission Proposes Rules for Wholesale Energy Markets to Prevent Market Manipulation and Insider Trading

On 8 December 2010, the European Commission presented its new Proposal for a Regulation on “Energy market integrity and transparency”. With Europe’s wholesale energy markets becoming increasingly interlinked, the proposed regulation aims at ensuring market transparency and integrity by preventing market manipulation and insider trading. It also gives ACER an import role in the implementation of the new rules.

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