The European Commission presented Wednesday a package of measures to keep the European Union competitive as the clean energy transition is changing global energy markets, according to EC officials.

The Commission wants the EU to lead the clean energy transition, not only adapt to it. For this reason the EU has committed to cut CO2 emissions by at least 40% by 2030 while modernising the EU’s economy and delivering on jobs and growth for all European citizens. Wednesday proposals have three main goals: putting energy efficiency first, achieving global leadership in renewable energies and providing a fair deal for consumers.

Consumers are active and central players on the energy markets of the future. Consumers across the EU will in the future have a better choice of supply, access to reliable energy price comparison tools and the possibility to produce and sell their own electricity. Increased transparency and better regulation give more opportunities for civil society to become more involved in the energy system and respond to price signals. The package also contains a number of measures aimed at protecting the most vulnerable consumers.

The Vice-President for Energy Union Maroš Šefčovič said: “Today’s package will boost the clean energy transition by modernising our economy. Having led global climate action in recent years, Europe is now showing example by creating the conditions for sustainable jobs, growth and investment. Today’s proposals touch upon all clean energy related sectors: research and innovation, skills, buildings, industry, transport, digital, finance to name but a few. These measures will equip all European citizens and businesses with the means to make the most of the clean energy transition.”