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INTRODUCTION

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Improving pipeline represents an<br />

advantage for consumers and<br />

European industry by reducing<br />

costs and dependence on Russian<br />

imports.<br />

Figure [IV] shows the increase in<br />

the cost of electricity consumption<br />

per household over a period of five<br />

years. The average increase is 4%,<br />

which is far beyond the effect of<br />

inflation. This increase in costs can<br />

be interpreted as the result of the<br />

inability to implement the European<br />

interconnection plan more than a<br />

decade ago. An integrated<br />

European network would allow a<br />

greater resistance to adverse<br />

weather conditions, economic<br />

instability and manipulation by<br />

foreign partners. On the contrary,<br />

all EU countries have witnessed an<br />

increase in price caused by multiple<br />

factors.<br />

As mentioned earlier, the more time<br />

will employ European states to<br />

make significant investments, the<br />

more expensive will be the plane<br />

both in terms of implementation of<br />

that economy. The cost<br />

opportunities by waiting is<br />

expressed in rising prices and<br />

volatility in energy supplies. Also,<br />

since the EU has imposed stricter<br />

standards for carbon emissions, to<br />

achieve those goals without<br />

investing in a sustainable network<br />

will become much less practical.<br />

Finally, even if the EU decides to<br />

cut emissions by 95%, it would not<br />

have the proper infrastructure to<br />

allow renewable energy to reach<br />

the consumer.<br />

Figure [IV] Eurostat, Energy statistics<br />

DYNAMIC EUROPEAN ENERGY<br />

The current European Union was<br />

founded on the model of the<br />

Benelux Union (political and<br />

economic union of Belgium,<br />

Netherlands and Luxembourg) but<br />

includes several states of northern<br />

Europe, central, south and east.<br />

Although the European continent<br />

possesses a core of common<br />

values, the EU today includes a<br />

greater variety of economic,<br />

cultural and political. This growing<br />

12

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