European Commission Vice-President for the Energy Union Maros Sefčovic said that energy security is one of the key elements of the Energy Union.
“In this context, solidarity, closer regional cooperation and greater transparency of gas contracts were at the heart of our strategy. Therefore, I welcome today's vote by the European Parliament. We have delivered on the promise to our citizens that they do not need to fear to be left in the cold in the future, while the industry kept on hold," he added.
Commissioner for Climate Action and Energy Miguel Arias Canete for his part said that today's vote by the European Parliament strengthens the energy security in Europe and increases solidarity and cooperation between member states.
“With the new rules, we are better equipped to prevent and handle potential gas crises. This makes us more effective, secures our energy supply and reduces costs for consumer,” he added.
Main improvements in the new regulation include introduction of a solidarity principle: in the event of a severe gas crisis, neighbouring member states will help out to ensure gas supply to households and essential social services; closer regional cooperation: regional groups facilitate the joint assessment of common security of supply risks and the development and agreement on joint preventive and emergency measures; greater transparency: Natural gas companies will have to notify long-term contracts that are relevant for security of supply (28 percent of the annual gas consumption in the member state).
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