The most powerful freedom
In 1986, European leaders agreed to open up their borders to the free movement of goods, capital, people and services. Ever since, the European single market has ensured trade, competition, consumer choice, employment and prosperity in Europe. Yet 25 years later, there is still no single market in electricity. Consumers are supplied with electricity that is generally produced nationally, and as competition is ineffective, electricity suppliers can pass any price increase onto that same consumer.
In order to achieve a single market in electricity, Europe needs both the electricity network to transport electricity from one part of Europe to another, and a common set of market rules.