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European Electricity Market Overview

  • March 2015
  • 9 pages
  • GlobalData
Report ID: 2869166

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European Electricity Market Overview

Summary

Increased energy efficiency will enable people in Europe to decrease their energy bills, and assist with environment protection. Increased energy efficiency needs to occur at every stage of the energy chain, from generation to final consumption. The EU has set an energy-savings target of 20% by 2020 from 1990 levels. At the EU summit on October 23, 2014 the member countries gave their consent to attain an energy efficiency target of 27% or higher by 2030. The EU has devised a number of measures to enhance energy efficiency. These are: a yearly decrease of 1.5% in national energy sales; energy efficiency renovations of around 3% for buildings owned and occupied by the central government each year; mandatory energy efficiency certificates for the sale as well as rental of buildings; the planned rollout of around 200 million electricity smart meters and around 45 million gas smart meters by 2020; large companies carrying out energy audits every four years; minimum energy efficiency standards, regulations and labeling for a number of products such as boilers, household appliances, lighting and television; and consumer rights protection in terms of having simple and free access to real-time and historical energy consumption information.

Scope

- Overview of the European electricity market
- EU's legislative framework
- EU's electricity prices by user type

Reasons to buy

- Gain insight into the European electricity market
- Comprehend EU's legislative framework for the electricity market
- Understand electricity prices by user type (household and industry) in the EU

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