MEDREG signs new contract with European Commission for 2010-12
22-01-2010MEDREG, the Association of the Mediterranean Regulators for Electricity and Gas, has signed a new service contract with the European Commission for the period 2010-12.
A press release from the Association said the European Commission’s continued support to MEDREG was not only due to the very good results of the first contract (2008-09), but also to the aims of the Association, which are to promote the achievement of a consistent, harmonised and investment-friendly regulatory framework in the Mediterranean energy market.
The actions of MEDREG, in collaboration with the European Commission, are expected to provide benefits to energy consumers of the Mediterranean region, and are seen as crucial to enable a permanent, stable and strong collaboration among Mediterranean energy Regulators.
The regional approach is seen by MEDREG as the necessary starting point of cooperation on energy regulation, in the perspective of an integrated and efficient regional market that requires modernisation of existing infrastructure and activation of new grids, as well as the setting up of a legislative and regulatory framework for energy that is as harmonised, coherent and stable as possible. (
ENPI Info Centre)