Volume XV, 8-2016
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Raising Energy Efficiency Must Be Cost-effective

Raising Energy Efficiency Must Be Cost-effective

The cheapest energy is the one that is never used – that is the motto of the new ‘Clean Energy for All Europeans’ Package which aims to modernise European economy and implement one of the European Commission’s flagship initiatives, the Energy Union. One of the main initiatives of the package is the revision of the Energy Efficiency Directive that sets new, more ambitious and binding target of 30 % energy savings for 2030, up from 27%.

Possible impacts of the new proposal on European and Czech economy were discussed by experts from EU institutions, Czech public administrations, private and non-pro t sector on the 2nd of December in the European House in Prague. “According to the European Commission, the energy effciency is the most cost-effective way of reaching the goals set in the Energy Union strategy while stimulating economic growth, creation of new jobs and investment in green technologies”, said Radoš Horáček of the European Commission. The higher target should create additional 0.4% GDP and 400,000 new jobs and should lead to lower energy prices for both businesses and consumers. While some voices of the European Parliament advocate an even higher target of 40%, Czech MEP Evžen Tošenovský does not belong to them. He calls for thorough impact assessment before increasing the target as the change could jeopardise economic stability and could be a barrier to innovation and investment. Vladimír Sochor of the Ministry of Industry and Trade of the » read more «

Single Market Information Tool

The European Commission is preparing an initiative on Single Market Information Tool (SMIT) to collect quantitative and qualitative information directly from selected market players. According to its inception impact assessment the goal is to enable the Commission to better target its cooperation with Member States and use the information to improve its ability to enforce EU rules in priority areas, as well as to be able propose improvements where evidence reveals significant regulatory failures.

The tool could provide the Commission with exclusive powers to investigate and access sensible information at company level to detect infringements against Single Market rules. European businesses fear such proposal and stress the need for a serious consideration among several options of the inception impact assessment. The cost-effectiveness and no additional red tape must play an important role in the Commission ́s final decision. If any such a tool is adopted, the Commission must ensure » read more «

New Start for Start-ups

The European Commission is doing its best to support growth in the EU by various means, from extending the Juncker’s Investment Plan for Europe to its continuous effort to lift various single market barriers. On the 22nd of November, the Commission added one more initiative that targets start-ups and scale-ups. The main idea of the initiative is to eliminate obstacles that prevent these companies from being established and from growing, create better conditions for finding suitable business » read more «

EESC CORNER: New Electricity Market Design And Possible Impact On Vulnerable Consumers

In a letter dated 14 March 2016 the Slovak Presidency of the EU Council asked the European Economic and Social Committee to draw up an opinion on the social dimension of the new electricity market design as part of a process of social and economic development. It was requested that the factors that influence the electricity market be analysed more broadly and the influence that they have on energy price change in the EU should be assessed, in order to ensure that this change is long- lasting not only from an environmental point of view (protecting the climate), but also from an economic and » read more «