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SummaryIncreased energy efficiency will enable people in Europe to decrease their energy bills, and assist with environment protection. Increased energy efficiency needs to occur at every stage of the energy chain, from generation to final consumption. The EU has set an energy-savings target of 20% by 2020 from 1990 levels. At the EU summit on October 23, 2014 the member countries gave their consent to attain an energy efficiency target of 27% or higher by 2030. The EU has devised a number of measures to enhance energy efficiency. These are: a yearly decrease of 1.5% in national energy sales; energy efficiency renovations of around 3% for buildings owned and occupied by the central government each year; mandatory energy efficiency certificates for the sale as well as rental of buildings; the planned rollout of around 200 million electricity smart meters and around 45 million gas smart meters by 2020; large companies carrying out energy audits every four years; minimum energy efficiency standards, regulations and labeling for a number of products such as boilers, household appliances, lighting and television; and consumer rights protection in terms of having simple and free access to real-time and historical energy consumption information.Scope- Overview of the European electricity market- EU's legislative framework- EU's electricity prices by user typeReasons to buy- Gain insight into the European electricity market- Comprehend EU's legislative framework for the electricity market- Understand electricity prices by user type (household and industry) in the EU
1 Table of Contents1 Table of Contents 11.1 List of Tables 11.2 List of Figures 12 Summary 23 European Electricity Market Overview 23.1 The EU Legislative Framework for the Electricity Market 33.2 Electricity Prices by User Type in the EU 43.3 The EU Electricity Retail Market 54 Appendix 64.1 Abbreviations 64.2 Bibliography 74.3 Methodology 74.4 Contact Us 84.5 Disclaimer 91.1 List of TablesTable 1: Power Market, Europe, Electricity Price in EU Member Countries ($/kWh), 2013-2014 5Table 2: Power Market, Europe, Total Number of Electricity Retailers to End Consumers, Number of Main Electricity Retailers, and Main Retailers’ Cumulative Market Share, 2013 6Table 3: Abbreviations 61.2 List of FiguresFigure 1: Power Market, Europe, Number of Main Electricity Retailers, and Main Retailers’ Cumulative Market Share, 2013 6