The deal will give us a modern and flexible Energy Union

“We managed to strike a good deal which will put the EU on track towards realising the Energy Union and building the European energy markets on competition and market-based price formation, which is crucial in order to spur innovation and investments in new technologies. At the same time, we will do our part in the global endeavour to tackle climate change”, said the EPP Group Spokesman in the European Parliament’s Industry Committee, Gunnar Hökmark MEP, after a deal on the Governance of the Energy Union was struck between the Council and the European Parliament.

The Governance of the Energy Union is crucial as it sets rules that will help Member States achieve the common energy and climate goals we set up in the EU for 2030 - for instance, the goal of 32 percent renewables and the 32.5 percent goal of energy savings. It will also contribute to reaching the goals set out in the Paris Climate Agreement.

"The Energy Union is on track and the text on its governance is there to pave the way. Collectively, we must reach the goals set out by the Paris Agreement. This late night agreement between the Parliament and the Council is a great success and represents a step forward in the right direction. We managed to set up an adapted framework for market actors, opening the field for the development of future energies", said the EPP Group Spokeswoman in the Environment Committee, Angélique Delahaye MEP.

The Governance of the Energy Union is the fourth of eight legislative files in the so-called Clean Energy Package, presented in November 2016, to reach agreement. The first - a revised Directive for Energy Performance of Buildings (EPBD) - was concluded in April 2018 and the second - the Renewable Energy Directive - was concluded in June 2018. The Third on Energy Efficiency was concluded this week.

The package is an important element in the plans to establish an Energy Union in Europe.