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Transforming Europe’s energy system

Commission presented its proposals to deliver a new deal for energy consumers, to launch a redesign of the European electricity market, to update energy efficiency labeling and to revise the EU Emissions Trading System.

The EU Emissions Trading System (ETS) is Europe’s flagship tool for tackling climate change and to place the EU on track towards a low-carbon economy. The proposed more targeted approach aims at safeguarding the international competitiveness of industry sectors that are at the greatest risk of seeing their production relocated outside the EU to less Green House Gas constrained jurisdictions as well as in pushing energy investment toward innovative and cleaner alternatives.

The Commission’s proposed revision of the energy labeling directive ensures coherence and continuity and makes sure the consumers are able to make more informed choices that will help them save energy and money. The Commission therefore proposes returning to the original A to G energy label scale, simpler and better understood by consumers.

Recognizing that citizens must be at the core of the Energy Union, the Commission presented a Communication on delivering a new deal for energy consumers, this include helping consumers save money and energy through better information, giving consumers a wider choice of action when choosing their participation at energy markets and by maintaining the highest level of consumer protection.

The Energy Union strategy is designed to help deliver the 2030 climate and energy targets and make sure that the European Union becomes the world leader in renewable energy.

EU Commission Vice-President for Energy Union Maroš Šefčovič said: “In the Energy Union strategy, we committed to empowering European consumers, creating a single well-functioning energy market, putting energy efficiency first and becoming the number one in renewables. Today, five months after the adoption of the Energy Union strategy, this Summer Package shows our determination to decarbonise our economy and to give consumers a central role in Europe’s energy transition. It marks not only a new deal for consumers, but a new deal for Europe´s entire energy system.”

Source: http://europa.eu/rapid/press-release_IP-15-5358_en.htm

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