Informal agreement on notification of investment projects in energy infrastructure
Brussels -- The Council's Permanent Representatives Committee today (on October 23th) confirmed the agreement reached at the informal trilogue with the European Parliament on 16 October on the regulation concerning the notification to the Commission of investment projects in energy infrastructure within the EU.
The text still needs to be formally approved by the Parliament, whose vote in plenary is expected to take place in January 2014, and by the Council, which is due to take its decision after the vote in Parliament.
Obtaining an overall picture of the development of investment in energy infrastructure in the Union is essential for the development of European energy policy. The availability of regular and up-to-date data and information will enable the Commission to make comparisons and evaluations, or to propose relevant measures, in particular concerning the future energy supply/demand balance. In this way, greater attention will be paid to investment in energy infrastructure in the Union, in particular with a view to anticipating problems, promoting best practices and establishing greater transparency in the future development of the Union’s energy system.
The law sets out a common framework for the notification to the Commission of data and information on investment projects in energy infrastructure in the sectors of oil, natural gas, electricity (including electricity from renewable sources, electricity from coal and lignite, and cogeneration of electricity and useful heat) as well as on investment projects related to bio-fuel production and the capture, transport and storage of carbon dioxide produced by these sectors. The Commission will be notified of investment projects on which construction or decommissioning work has started or on which a final investment decision has been taken.
Member states or their delegated entities will notify the data and relevant project information every two years.
The Commission will review the implementation of this regulation at the latest by 31 December 2016. It replaces Council regulation No 617/2010, which was annulled by the European Court of Justice in September 2012 (but whose effects are maintained until the present regulation enters into force), and repeals Council regulation No 736/96.
The new law will enter into force on the twentieth day after its publication in the Official Journal of the EU.
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