The Commission Vice-President responsible for the Energy Union, Maros Sefcovic, the Commissioner for Climate Action and Energy, Miguel Arias Cañete, Energy Ministers from 9 EU Member States and 8 Energy Community Contracting Parties met in Bucharest and agreed to reinforce their regional cooperation, a statement released by EC reads.
Cooperation under the Commission Initiative on Central and South-Eastern European Energy Connectivity (CESEC), launched in 2015, is yielding results by strengthening solidarity and enabling a safer and more affordable gas supply to citizens and business across the region. Today’s fourth CESEC High Level Group Ministerial meeting in Bucharest constitutes a landmark moment for the entire region, bringing new dimensions to the solidarity needed to address the energy challenges faced in this part of Europe.
Commission Vice-President for Energy Union Maros Sefcovic said: “Cooperation under the CESEC umbrella has turned into an exemplary success story, proving that solidarity is the solution. Given its rapid accomplishments in the field of gas, we are expanding the scope of the cooperation in the region to electricity, renewables and energy efficiency. It will therefore cover all dimensions of this project of European solidarity that is Energy Union. I am grateful to all those involved in making this cooperation come true. It is a positive and powerful message to citizens of the region, with benefits going beyond the energy systems.”
Commissioner for Climate Action and Energy Miguel Arias Canete said: “Thanks to the high level political commitment we have witnessed today, and to the smart mobilisation of EU funds, we will continue to complete the energy infrastructure the region needs. By extending CESEC’s scope beyond gas, we will ensure effective access to alternative sources of energy, promote competition and lower prices, while also decarbonising the region’s economies.”
The Ministers signed a Memorandum of Understanding (MoU), which complements the existing CESEC initiative The MoU includes a joint approach on electricity markets, energy efficiency and renewable development. It also incorporates a list of priority projects to build an interconnected regional electricity market, as well as specific actions to boost renewables and investment in energy efficiency in a region with vast growth potential in these areas. National roadmaps for improving trading arrangements in the region were also agreed.
Source: EC statement.