Energy Union: Advancing the integration of EU energy markets

Today, the European Commission and the Baltic Sea Region countries have signed a Memorandum of Understanding to modernise and strengthen the Baltic Energy Market Interconnection Plan. At the same time, 13 European countries signed a declaration for regional cooperation on security of electricity supply within the European internal market, a key building block for the Energy Union and paramount for ensuring uninterrupted energy supplies and affordable prices for consumers. This was followed by the signature of a political declaration of the Pentalateral Energy Forum. Commissioner for Climate Action and Energy Miguel Arias Cañete said: “These agreements are a first milestone. They give the political backing to a stronger energy co-operation in Europe. The signatory countries are determined to enhance security of supply through further market integration. This is one of the main building blocks of the Energy Union which is one of the key priorities of the Juncker Commission. Today the Member States begin synchronising their efforts and working together towards cheaper and more effective solutions. Where there is a will there is a way. Today Member States are showing their will.” For more information see press release. Find the political declarations on DG ENER’s website. Everything around the Energy Union Strategy online.