– EU energy ministers are meeting to discuss the electricity market of the future –
The EU energy ministers will exchange views with members of the European Parliament, the EU Vice-President for the Energy Union Maroš Šefčovič, and the EU Commissioner for Climate Action and Energy Miguel Arias Cañete on topics such as the design of the electricity market, , digitisation of the energy sector and governance of the energy union. The discussions will focus on how to achieve the necessary fundamental transformation of the European energy systems, which is vital in order to meet the goal of the energy union to supply consumers in the European Union with a secure, sustainable and affordable supply of energy that has been generated on a competitive basis.
State Secretary Rainer Baake said: "We must now set the course for a sustainable and forward-looking electricity market in the EU. In Germany, we have already launched important measures to boost the networking and flexibility of markets in order to prepare them for the growing share of wind and solar power. It is vital to set up future-oriented European rules to ensure that the necessary transformation of our energy systems will be achieved in a cost-effective manner, for the benefit of industry and consumers alike."
At the end of the two-day event, the ministers of energy and transport will have a joint meeting to discuss their expectations for EU financial contributions to be made for the development of trans-European energy and transport networks.
On the sidelines of the two-day event, interested Member States can sign a political declaration on the strengthening of digital solutions in the energy sector.