Convergence of Energy Markets
Objectives:
Short to medium-term objectives: Gradual convergence of energy markets with the principles of the EU internal energy market; respecting fair competition; and promoting higher environmental, efficiency and safety standards, taking account of the particularities of the Partner Countries
Long-term objective: Creation of integrated regional energy markets and their progressive integration into the EU internal energy market (where applicable)
Gradual opening of the Partner Countries’ internal electricity, oil & gas markets
Establishing independent energy regulators
Establishing common methodologies for tariff setting policy for gas & electricity
Ensuring full, effective and transparent implementation of relevant legislation
Converging technical rules and creating compatible electricity markets
Monitoring progress
Capacity building for energy authorities