The EU aims to fully integrate national energy markets in order to give consumers and businesses improved products and services, to increase competition and to provide better security of supply. EU legislation and new rules for the electricity market and grid operation make this possible.Read More
The European Union has adopted an Energy Union Framework Strategy which targets five key policy areas:
To achieve these goals will require a transformation of Europe's electricity system, including investment in infrastructure that connects the electricity networks together and the creation of a single European electricity market. This will make energy flow more easily, improve energy security, lessen the dependency on imports and prepare networks for increasing levels of renewable energy.
The 2020 Energy Strategy defines the EU's energy priorities between 2010 and 2020. It aims to:
With an ever increasing amount of renewable energy and plans for further interconnection, Ireland and Northern Ireland are well on their way to meeting these objectives. As we look to the future, more work will have to be done to achieve the agreed EU objectives for 2030 and beyond. These include:
We fully support the transition to a low-carbon, secure and competitive economy; however as a small island system, it is important for Ireland and Northern Ireland that our unique characteristics are recognised. To achieve the objectives above we are developing opportunities for further interconnection to Great Britain and France and we maintain a central role in the development of the new rules for operating the electricity grid.
Europe’s electricity networks are currently operated according to national rules that govern the actions of operators and determine how access is given to users. The European Union is adopting a common set of rules, commonly known as Network Codes. Read more about how EirGrid is working to implement them here.
One of the most important pieces of EU legislation on European energy markets is referred to as the Third Package. The main aim of the Third Package, which came into force on 3 September 2009, is to further liberalise European energy markets. Three core provisions of the Third Package are:
We are a member and play an active role in the following European associations:
ENTSO-E - European Network of Transmission System Operators, represents 41 electricity transmission system operators (TSOs) from 34 countries across Europe. ENTSO-E promotes closer cooperation across Europe’s TSOs to support the implementation of EU energy policy and achieve Europe’s energy & climate policy objectives.
EUROPEX - A not-for-profit association of European energy exchanges that represents the interests of the exchange based wholesale markets for electrical energy, gas and environmental markets.