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EU to unveil radical plan to create single market in energy

energy

The EU executive is set to unveil proposals for the establishment of a European Energy Union, which would provide a single market in energy supplies, purchases and consumption across the continent. The ambitious move is aimed at reducing Russia's influence on Europe's gas supplies, and the scheme would also strengthen the power of Brussels against national energy regulators, improve consumer choice transnationally, generate a bonanza in energy infrastructure investment, and integrate supply systems regionally and on an EU-wide scale. The plan to devolve energy policy to the European Commission has already met with some resistance from national governments however.

 

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