Press Release: Commissioner Piebalgs welcomes the creation of a 5-country electricity coupling as a positive step towards a single European energy market

Energy Commissioner Andris Piebalgs welcomed the signature of a Memorandum of Understanding (MoU) for the coupling of the French, German, Belgian, Dutch and Luxembourg electricity markets into a single regional area. The MoU, signed on 6 June 2007 in the margins of the Energy Council being held in Luxemburg, is the founding stone of the largest integrated regional energy market in Europe. “Regional markets are a positive step towards the creation of single European energy market. It will bring lower prices for consumers, increased security of supply and will attract investment in new generation capacity and transmission infrastructure”, said Commissioner Piebalgs.