Benefits to manufacturers increase total energy efficiency of products by 21 percent
The European Commission’s redesign of the electricity market and revision of energy labelling for greater clarity is expected to benefit the region’s manufacturing industry by a 21 percent increase in total energy efficiency of products.
The package is an important step towards implementing the Energy Union strategy with a forward looking climate change policy, launched as one of the political priorities of the Juncker Commission in February 2015. The proposals give prominence to the “energy efficiency first” principle and put households and business consumers at the heart of the European energy market. pillar strategy: 1. helping consumers save money and energy through better information; 2. giving consumers a wider choice of action when choosing their participation in energy markets and 3. Maintaining the highest level of consumer protection.
Consumers need to become just as well-informed and empowered as buyers and sellers on wholesale markets through clearer billing and advertising rules, trustworthy price comparison tools and by leveraging their great bargaining power through collective schemes (such as collective switching and energy cooperatives).
Finally, consumers need to be free to generate and consume their own energy under fair conditions in order to save money, help the environment, and ensure security of supply.