Energy

Commissioner launches Euro-Mediterranean electricity market platform

Commissioner launches Euro-Mediterranean electricity market platform

8 October 2015

Miguel Arias Cañete, European Commissioner for Climate Action and Energy, and Abdelkader Amara, Moroccan Energy Minister, have launched a new Union for the Mediterranean (UfM) platform for cooperation on regional electricity markets .

The platform, launched on 12 October in Rabat, aims to progressively integrate electricity networks and markets of the countries of the Union for the Mediterranean (UfM). UfM consists of 28 EU member states, 15 Southern Mediterranean, African and Middle Eastern countries: Albania, Algeria, Bosnia and Herzegovina, Egypt, Israel, Jordan, Lebanon, Mauritania, Monaco, Montenegro, Morocco, Palestine, Syria (suspended), Tunisia and Turkey.

Firstly, the platform will focus on integrating countries on the southern and eastern coasts of the Mediterranean. In the medium to long term, the platform then envisages integrating these markets with the EU countries.

“Countries of the southern and eastern Mediterranean, as well as EU countries, share a common goal: to guarantee a secure, affordable and sustainable supply of electricity. The platform launched today will bring countries together to work towards a regional electricity market that will create common advantages to all in the form of secure, stable and competitive electricity,” Arias Cañete said on launching the platform.

The overall goal is to achieve a regional electricity market in which electricity can be exchanged across borders without physical, technical or regulatory barriers.

This is the second of the three platforms – on gas, regional electricity market, and renewables & energy efficiency – to be launched following the Commissioner's visit to Algeria and Morocco in May. These regional platforms aim to deepen energy cooperation between the EU and South and East Mediterranean countries. The gas platform was launched in June, and the renewables and energy efficiency platform will be launched soon in Cairo.

Updated
Monday, 12 October 2015