New EU group to break energy barriers

A plan to get rid of the frontiers between the Iberian Peninsula and the rest of the European energy market is to be developed. The EU Commission, France, Portugal and Spain signed […]

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By Jacqueline Echevarria

A plan to get rid of the frontiers between the Iberian Peninsula and the rest of the European energy market is to be developed.

The EU Commission, France, Portugal and Spain signed a Memorandum of Understanding to create a ‘High Level Group’ to deal with gas and electricity infrastructures, ensure regular monitoring and provide technical assistance to Member States.

It will also prepare a plan to implement the so-called ‘Madrid Declaration to build interconnectors to link the internal energy market.

This is part of the EU’s Energy Union programme which aims to ensure secure, affordable and sustainable energy for all EU citizens and businesses.

Commissioner Miguel Arias Cañete said: “Energy must flow freely across Europe. This will bring benefits to the European Union as a whole, in particular to European consumers. It will strengthen our industry’s competitiveness and bring about jobs – while protecting the environment by a better use of renewable energy.

“The setting up of the High Level Group, following on the historical Madrid Interconnections Summit on 4 March, is an important step in this direction as its work will be essential to achieve the integration of the Iberian Peninsula and the rest of the EU energy market.”