Improving the Access to, and the Efficiency and Security of the Energy Markets
In accordance with the Commission Communication Energy Roadmap 2050 the long term energy planning policies for the Baltic Sea Region are energy infrastructure, renewable energy, energy efficiency, and security of supply at affordable prices. PA Energy of the EU Strategy for the Baltic Sea Region focuses on connecting the region especially in regard to end the energy isolation of some Member States in the region, to foster market integration, and to support energy efficiency and sustainable energy sources throughout the macro-region.
PA Energy identifies a number of flagships (projects) that need to be implemented within the framework of the EUSBSR Action Plan under PA Energy. In order to be listed as a flagship a project has to fulfil certain criteria and contribute to the actions under PA Energy.
Regional Cooperation Framework in the Baltic Sea Region have been Reformed
Remarkable changes are done for PA Energy by bringing together two initiatives- BEMIP and EUSBSR PA Energy in order to improve the macro regional cooperation. During the Latvian Presidency of the Council of the EU the existing regional cooperation framework in the Baltic Sea Region was reformed. An agreement on Memorandum of Understanding on the reinforced Baltic Energy Market Interconnection Plan (BEMIP) and revised Action Plan for EUSBSR PA Energy – BEMIP was reached among the representatives of Denmark, Germany, Estonia, Latvia, Lithuania, Poland, Finland, Sweden and Norway (as an observer) during the Joint Meeting of BEMIP High Level Group and the EUSBSR Policy Area “Energy” of 28-29 May 2015. You can find a press release of the event. Later the Memorandum of Understanding was signed by 7 Baltic Sea region energy ministers and the Commissioner for Climate Action and Energy Mr. Miguel Arias Cañete on 8 June 2015 in Luxembourg, but the Action Plan approved at High Level Group for Macro-regional strategies on 3 June 2015 in Brussels. The revised Action Plan for EUSBSR was presented during the 6th EUSBSR Annual Forum in Jurmala on 15-16 June 2015.
Action Plan defines six key areas, namely electricity and gas markets, security of supply, energy infrastructure, power generation, renewable energy and energy efficiency, in which concrete projects need to be further developed to achieve the objectives and indicators defined in the Action Plan. The updated EUSBSR Action Plan with energy section included- PA Energy – BEMIP Action Plan (for competitive, secure and sustainable energy (starting from page 80).
Information regarding the flagship projects will be updated and included in the Action Plan as an annex.
Supported by Interreg Baltic Sea "Supportive Activities and Coordination in EUSBSR PA Energy and PA Transport" project funding.