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Parliamentary questions
1 September 2017
E-004374/2017
Answer given by Mr Arias Cañete on behalf of the Commission

In the Clean Energy for All Europeans package, the Commission has proposed new measures to remove market distortions and to strengthen the role of household and business consumers. It proposes lower barriers to market entry for supply undertakings and service providers, to remove switching fees, to ensure access to price comparison tools, to improve billing information and to strengthen contractual rights.

In addition, all price regulation in retail markets, which are fundamentally market distortive, are phased out. The Commission also proposes to remove market barriers for demand response to enable all consumers to explicitly sell their flexibility, including through independent aggregators. Those measures will also contribute to foster competition and drive down energy costs for household consumers and businesses and hence help businesses to stay competitive,

The Clean Energy Package also contains proposals to underpin the paradigm shift towards more renewable energy and more flexible markets, for instance via the right to access new technology and services such as smart meters and dynamic price contracts.

In 2016 in Greece, the average retail electricity price (excl. network tariffs and taxes) was about twice as high as the average wholesale spot price. Dynamic price contracts, which reflect hourly spot market prices can enable household consumers and especially businesses in Greece to considerably lower their electricity costs.

The Clean Energy Package also contributes to transparency and good understanding of the evolution and drivers of energy prices and costs, via the adoption of the 2nd Energy Prices and Costs in Europe report(1).

(1)https://ec.europa.eu/energy/en/publications/energy-prices-and-costs-europe

Last updated: 7 September 2017Legal notice