European power firms could face energy-efficiency fines

Posted on May 14, 2011 by


The European Commission seeks savings targets amid concern that proposals do not go far enough. Power companies could be fined for failing to help customers cut back energy use, according to a law being drawn up the European Commission. 
 
The law would introduce a requirement for all energy customers to have individual meters and make public authorities renovate a proportion of their buildings. But critics say that the proposal will not be enough to meet Europe’s headline promise to improve energy efficiency by 20% by 2020.
 
The proposal for an energy-efficiency directive, which will be presented by Günther Oettinger, the European commissioner for energy, aims to get the European Union back on track to meet its target, which is measured against a business-as-usual trend. Existing measures will bring the EU barely halfway to the 20% goal.