The European Council has agreed its negotiating position on a regulation establishing the framework for an internal electricity market across the EU.
This regulation is one of the legislative proposals of the clean energy package and is the cornerstone of the redesign of the electricity market.
The proposal revises the rules and principles to ensure a well-functioning, competitive and accurate electricity market with the aim of enhancing flexibility, decarbonisation and innovation.
In doing so, it assists the EU transition towards a low-carbon economy and meet the objectives of the Energy Union, particularly the 2030 climate and energy framework.
Kadri Simson, Minister for Economic Affairs and Infrastructure of the Republic of Estonia, said: “Electricity market design has been a priority for the Estonian Presidency and I am extremely pleased that the council had come to an agreement on this very important regulation where the member states have had very different views.
“The EU electricity market has been transformed by digitalisation, renewables and active consumers and we need new renewals to fit the new reality. With today’s decision, we have taken a huge step to make that happen.”
This approach means the council will be able to enter negotiations with the European Parliament next year.
Central elements of the council’s position can be found here.
