We’re convinced that the systematic integration of Europe’s energy markets and effective competition along the entire value chain are good for everyone. They’ll create substantial opportunities for our business and make energy supplies more secure than ever.

That’s why we actively support, wherever we can, the implementation of the EU energy agenda. As part of this effort, we’ve launched a package of competition-oriented initiatives:

• we support efforts to combine Europe’s national power exchanges into Europe-wide power trading marketplaces
• in 2006, we began providing all market participants with information about the next-day availability of our generating capacity in Germany and we became the first power producer to publish detailed information about the availability of our generating units in Germany (http://www.eon-schafft-transparenz.de/); the information at this website is in German and English.
• we intend to rapidly expand cross-border power transfer capacity between Germany and neighboring countries by 1,000 megawatts
• we’re further expanding our transmission system in Germany, creating considerable additional capacity for cross-border power transfer
• in order to further stimulate natural gas trading, in 2006 we launched our own web-based gas-trading portal for Germany
• we’re creating additional natural gas pipeline capacity between Germany’s borders and the national trading point with the aim of creating opportunities for new providers to supply natural gas in Germany.

 

Our package of initiatives is helping foster the integration of Europe’s energy markets. Initially, the aim is to create regional energy markets consisting of several national markets. These regional markets will then serve as the building blocks for a functioning EU-wide internal market for energy stretching from the Atlantic Ocean to the Black Sea, a market with more competition and without the dominance of individual players. Going forward, we intend to remain the pacesetter of European market integration.


Climate Protection and Security of Supply

We’ve also set an ambitious emission-reduction target in order to become the European energy industry leader in climate protection and to support the EU’s climate policy. By 2030, we intend to halve our specific carbon dioxide emissions—the amount of carbon dioxide we emit per kilowatt-hour of electricity—compared with the figure from 1990. To get there, we’re investing billions in climate-friendly generating units. We’re significantly expanding our renewables capacity. We plan to be involved in the construction of nuclear power stations in several European countries. And we’re building fossil-fuel-fired generating units with the world’s highest thermal efficiency ratings and designing all of our new coal-fired units for subsequent retrofitting with carbon capture and storage technology.