London (Platts)--16Nov2012/852 am EST/1352 GMT
New binding measures to boost energy efficiency in the EU are to enter into legal force on December 4, 20 days after the new energy efficiency directive was published in the EU Official Journal on Wednesday. EU has a target to boost energy efficiency by 20% by 2020 and binding measures set out in the directive seek to ensure that national governments meet the target. Governments have until June 5, 2014 to transpose the directive into national law and comply with the directive. The directive "lays down rules designed to remove barriers in the energy market and overcome market failures that impede efficiency in the supply and use of energy, and provides for the establishment of indicative national energy efficiency targets for 2020," the text in the Official Journal states. It requires national governments to set indicative national energy efficiency targets. The EC will monitor their progress on meeting these and report back in June 2014 on whether further binding measures are needed. Article continues below...Request a free trial of: EU EnergyKeep track of policy in the complex and confusing European energy arena with EU Energy's clear reports and accurate data. EU Energy provides a single source for news and analysis of EU energy policy, as well as key gas and electricity industry developments in the EU member states.
New binding measures to boost energy efficiency in the EU are to enter into legal force on December 4, 20 days after the new energy efficiency directive was published in the EU Official Journal on Wednesday. EU has a target to boost energy efficiency by 20% by 2020 and binding measures set out in the directive seek to ensure that national governments meet the target. Governments have until June 5, 2014 to transpose the directive into national law and comply with the directive. The directive "lays down rules designed to remove barriers in the energy market and overcome market failures that impede efficiency in the supply and use of energy, and provides for the establishment of indicative national energy efficiency targets for 2020," the text in the Official Journal states. It requires national governments to set indicative national energy efficiency targets. The EC will monitor their progress on meeting these and report back in June 2014 on whether further binding measures are needed.
Article continues below...
Keep track of policy in the complex and confusing European energy arena with EU Energy's clear reports and accurate data. EU Energy provides a single source for news and analysis of EU energy policy, as well as key gas and electricity industry developments in the EU member states.
The directive also includes an obligation on energy suppliers or distributors to deliver energy savings of 1.5%/year compared with business as usual across their customers from 2014 to 2020.--Paul Whitehead, paul_whitehead@platts.com--Edited by Maurice Geller, maurice_geller@platts.com
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