Energy Union: EPP Group pushes for lower prices, increased independence

"It is up to economic actors to decide which projects make economic sense and what could be the potential of extraction projects in the area of energy. The European Parliament must do its best to provide a sound regulatory environment that includes strict standards with regards to climate, health and environment", Gyürk said.

An important brick in the construction of the Energy Union is the plan to achieve a goal of 10 percent cross-border interconnectivity in the internal EU electricity grid.

"Increased interconnectivity is a crucial step towards achieving a true internal electricity market in EU. It must be achieved by more infrastructure as well as better access to the existing infrastructure", said Bendt Bendtsen MEP, the EPP Group Shadow Rapporteur, after the adoption of the initiative Report 'Making Europe's electricity grid fit for 2020'.

"It will enable the EU to make better use of the electricity produced in Europe and thus lower dependence on imports, resulting in better energy security and lower electricity prices, to the benefit of European businesses and citizens", Bendtsen concluded.