“The time of cheap energy is over. In addition there are increasing concerns over the ability to match global supply and demand. The world is entering into a new energy era which requires a global response.” – Günther Oettinger European Commissioner for Energy
With 500 million citizens, the EU is one of the largest energy markets in the world. The EU is rapidly moving towards an integrated market, governed by common principles, objectives and product standards. The EU also coordinates certain common activities, such as promoting energy research under its Research and Technological Development policy and supporting the establishment of Trans-European Energy Networks.