11
Apr
2024
Watch
Internal markets for renewable gas, natural gas and hydrogen (recast) - Common rules for the internal markets for renewable gas, natural gas and hydrogen (recast) - Union’s electricity market design: Regulation - Union’s electricity market design: Directive (joint debate – Reform of the energy and electricity markets)
Mr President, ladies and gentlemen, this is an important reform. It has been said and we will understand when we implement it, how important it has been. I would like to highlight three aspects here. The first: We have in some way designed the foundations around which a market for hydrogen and also a market for renewable gases can be born and prosper. We have guaranteed its injection into the network for biomethane, for others, defining a bit the conditions. This means that we have created the conditions for the development of markets that can support the change in the energy mix that we have designed in this Europe with Repower and other important acts. Secondly, and this is something that is very dear to my group and to me personally: With this reform we have also created a system of control and transparency of the market, its functioning and price formation mechanisms. We have paid too high a price for the inconsistencies and oddities, in quotation marks, that have often characterized price formation in recent years. With this regulation and with the reform of REMIT, which must be read in conjunction, we entrust to supervisory authorities, such as ACER, the tools and methods so that phenomena such as those that have occurred no longer happen and work in the name of transparency. The last thing: The last step forward is to take a further step towards the Energy Union. Not hoarding, war between countries, conflict to get the necessary resources, but a real Energy Union.