Energy: European Commission proposes to strengthen regional cooperation
Günther Oettinger said: "The Regional Initiatives have a key role in creating a truly integrated single energy market as they favour a strong cooperation including on infrastructure. We have to use their potential wisely and make sure that we reap all the benefits a well-targeted and effective regional cooperation can offer."
Cross-border regional energy cooperation delivers lower prices and higher security of supply, and is a crucial building block of a competitive European Single Energy Market. Today, the European Commission has set out its ideas on how to reinforce such regional cooperation. In its Communication "The future Role of Regional Initiatives" published today, it identifies new tasks of Regional Initiatives such as the development of cross-border infrastructure and the implementation of the Third Energy Package including network codes. It also proposes a new governance structure of existing Regional Initiatives and an adjustment to their geographical scope to make regional cooperation more effective. Regulators, transmission systems operators and other stakeholders are invited to express their views on these ideas by the 15th of February 2011.