25 May 2016
Article by Rachel Prior and Chloe Corbyn, National Assembly for Wales Research Service
As the largest energy importer in the world, the EU imports 53 per cent of its energy, costing around €400bn per year. Of the 28 Member States, six import their gas from one supplier, Russia, rendering them vulnerable to disruptions in supply. Wholesale gas prices are more than twice as high as in the USA, and wholesale electricity more than 30 per cent higher.
The European Commission believes that lower prices and greater energy security could be achieved with an internal Energy Union, as was proposed in February 2015.
This briefing provides an outline of the Energy Union as proposed by the European Commission.
EU Energy Union (PDF, 650KB)
Promoted by the National Assembly for Wales Commission, Cardiff Bay, Cardiff, CF99 1NA