facebook
twitter
rss
account
search
search
 

EU supports common energy market

Dec. 13, 2011 at 9:15 AM   |   Comments

BRUSSELS, Dec. 13 (UPI) -- EU members need urgent progress in electricity and natural gas sectors to move toward a common European market by 2014, a leader said.

Leaders from EU members backed a measure sponsored by Poland that calls for a single market for electricity and natural gas by 2014.

European Commission President Jose Manuel Barroso said the measure means member states need to work hard to develop a common infrastructure.

"These are key growth and energy reforms that member states are working on and we hope they can also deliver them decisively," he was quoted by the Platts news service as saying.

The measure also calls on energy companies to help consumers reduce demand by 1.5 percent per year through 2020.

The stability of a unified Europe is in question following talks among member states for tighter fiscal discipline. British Prime Minister David Cameron faced strong criticism for rejecting a centralized authority on budget issues and a $260 billion package for the International Monetary Fund to assist debt-burdened countries.

© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Bakken oil pipeline, Sandpiper, delayed Bakken oil pipeline, Sandpiper, delayed
2
EU demands solution to gas crisis EU demands solution to gas crisis
3
Emissions down in oil and gas sector Emissions down in oil and gas sector
4
Some iPhone users getting checks for liquid damage Some iPhone users getting checks for liquid damage
5
Boeing announces job relocations, business unit consolidation Boeing announces job relocations, business unit consolidation
Trending News
x
Feedback