EC seeks to monitor smart meter functions
EC seeks to ensure energy companies are passing on financial benefits of smart meters to consumers

The European Commission have announced that it wants to introduce EU-wide electricity market design and supply security rules and promote more cross border-links, tying into its EU energy union strategy.

EC vice president Maros Sefcovic and energy commissioner Miguel Arias Cañete presented the Commission’s new strategy for the Energy Union on Wednedsay.

The EC said in its strategy paper, that there needs to be more possibilities for distributed generation and demand-side management , “including intraday markets, to develop new high-voltage long distance and new storage technologies”.

The Commission plans to work on a new market design in order to integrate new generators, especially for renewable energy and to allow for large-scale demand-side response. The new design will make provision for increased integration of national markets as well as supporting cross-border trade.

The aim is to, first through the drafting of a legislative proposal, minimise the impact of “badly-designed, fragmented and uncoordinated public interventions”.

The Commission plans to develop a co-ordinated EU approach to assist member states to reach 2020 renewable targets, and calls for more power infrastructure to accelerate cross-border trade and security of renewable energy.

Renewable energy supply and security

The EC will address security of supply concerns by doing away with outdated national electricity standards, and replacing them with “an objective … fact-based security of supply assessment” that is applicable to all EU countries. The Commission plans to work with national governments to encourage convergence of renewable support schemes, which will also bring down costs further.

The next step to putting in place the EC’s strategy to put forth a proposal which will need to be approved by European Parliament and EU council before any draft legislation becomes binding. Should the proposal be completed by 2016, new EU legislation can be implemented as soon as 2018.