The Energy Regulators of the Mediterranean region gathered at the highest level for their biannual General Assembly meeting in the Maltese capital, La Valletta. The MEDREG Members approved a series of important studies which distil good regulatory practices in the areas of natural gas, electricity, renewables, and consumers, contributing to shape common and stronger regulations in the region and provide the conditions for increased cross border energy trade, necessary to deliver the decarbonisation of the energy market and strengthen the security of supply.
This General Assembly also approved a series of measures and mechanisms identified collectively, in the reports developed this year, to tackle the gas security of supply and reinforce consumer protection. These new tools will equip MEDREG’s members to respond adequately to the current energy crisis and minimise its impact on households and vulnerable consumers. In parallel, the analysis of what it takes to integrate smart meters and smart grid shall improve the flexibility and interoperability of energy systems in our region.
The various reports are expected to be published early next year, preceding a series of activities and support initiatives which will further advance the regulatory convergence and market integration in the Mediterranean energy sector.