What is at stake?
The European Parliament estimates that completion of the Energy Single Market could deliver € 50 billion a year in efficiency gains.
Priorities of German Business
The Energy Union is not an end in itself. It must give responses to high energy costs in Europe and the current concerns about security of supply. We can best come to grips with this together, not with state-operated purchasing consortia but rather with deeper integration of energy markets. In concrete terms, we can implement the Energy Union initially with cooperative arrangements on regional, cross-border markets which eventually merge into a European electricity market.
Completion of the Energy Single Market with implementation of the Third Energy Single Market Package and development of corresponding infrastructures should constitute an absolute priority. Existing electricity capacities should be used to contribute to security of supply. National or regional “energy self-sufficiency” is inefficient and counterproductive for the security of supply. German industry calls for cautious solutions integrated at European level; no overhasty introduction of a capacity market.
Energy costs should not be burdened with taxes which are destined to finance other policy measures. Rather, the gap in energy costs as compared with other economic regions should once more be closed through a reduction in the taxes and charges levied on energy so that Europe can preserve its industrial competitiveness.