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European Parliament - EPRS Policy podcasts

Energy supply and security

European Parliament - EPRS Policy podcasts

European Parliament Webmaster

Non-profit, Government & Organizations

4.813 Ratings

🗓️ 7 December 2018

⏱️ 7 minutes

🧾️ Download transcript

Summary

Energy policy is a competence shared between the EU and its Member States. Whereas the EU has a responsibility under the Treaties to ensure security of supply, Member States are responsible for determining the structure of their energy supply and their choice of energy sources. EU legislation on security of supply focuses on natural gas and electricity markets, and is closely related to other EU objectives: consolidating a single energy market, improving energy efficiency, and promoting renewable energy sources to decarbonise the economy and meet the Paris Agreement goals. The current legislature has seen several initiatives on security of supply. The EU institutions reached agreement on a revised regulation on security of gas supply, a revised decision on intergovernmental agreements in the energy field, and new targets for energy efficiency and renewables by 2030. Parliament has adopted several own-initiative resolutions in the energy field, including one on the new EU strategy on liquefied natural gas and gas storage, which is key to gas supply security. EU projects of common interest finance energy infrastructure that improves interconnection and supports security of supply. Negotiations between the European Parliament, the Council and the Commission (trilogue) are ongoing on a proposal to revise the regulation on security of electricity supply, as part of the clean energy package. There is growing expectation among EU citizens that the EU will intensify its involvement in energy supply and security. If this view was shared by just over half of Europeans in 2016 (52 %), it is now expressed by roughly two thirds of EU citizens (65 %). The EU will retain a key role in monitoring security of supply throughout the energy transition from a historic system of centralised generation dominated by fossil fuels in national markets, towards a new system characterised by a high share of renewables, more localised production and cross-border markets. However, the EU would need to use a special legislative procedure to intervene directly in determining the energy supply of its Member States, requiring unanimity in Council.
https://www.europarl.europa.eu/RegData/etudes/BRIE/2018/630275/EPRS_BRI(2018)630275_EN.pdf

Source: © European Union - EP

Transcript

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0:00.0

You're listening to the European Parliamentary Research Service podcast on energy supply and security in Europe.

0:07.0

Can you imagine modern life without electricity? It takes only a short blackout to realise just how much we depend on it.

0:14.0

This is why ensuring energy supply and security has become a top priority for the European Union, even if on energy matters both member

0:21.4

states and the EU has something to say.

0:23.9

Want to know more?

0:24.7

Stay with us.

0:25.7

Did you know that the EU imports more than half of all the energy it consumes?

0:33.5

Yes, and we're actually paying over one billion euros per day to import this energy, so it's

0:38.4

an expensive bill.

0:40.5

Dependency is particularly high for crude oil and natural gas, and many European countries

0:45.0

are heavily reliant on a single supplier, which leaves them vulnerable to supply disruptions,

0:49.9

whether caused by political or commercial disputes or infrastructure failure. Security of supply is guaranteed in the first instance by national authorities,

0:58.0

yet the interconnected nature of energy markets and supply routes

1:01.0

means that close coordination is necessary to prevent blackouts and sure security of supply.

1:06.6

This responsibility falls on the shoulders of the EU,

1:09.1

even if member states are still free

1:11.1

to decide on the structure of their energy supply and the sources they use.

1:15.0

The increasing interconnection of European energy markets brings many benefits for European

1:19.1

citizens.

1:20.1

For example, they are free to choose their energy supplier.

1:22.7

They share a common set of consumer rights and can benefit from lower prices and more

1:26.6

transparent and competitive markets.

...

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