Reports

Single market

The most powerful freedom

Single market

Published: April 2011

Pages: 4

Size: 270mm x 360mm

Summary

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.

Contents

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.