Motion for a resolution
Paragraph 19 a (new)
19a. Central-Western Europe Highlights that the shared electricity market between Austria and Germany is furthering the implementation of an integrated European energy market; acknowledges that the common bidding zone - which was introduced in 2002 - means same wholesale electricity prices in these two countries, unlimited electricity trading and security of supply of almost 100%; notes that the Austrian-German bidding zone is the only relatively large zone in Europe shared by two countries; notes that larger bidding zones support the necessary characteristics of a well- functioning and liquid electricity market, qualified to reduce trading costs, to provide resilient price signals for investment decisions and to foster more competition; urges for a rapid development of grids to integrate renewable energy in the electricity market and guarantee grid stability especially in southern Germany; calls for the retention of this success model and a further enlargement of the bidding zone.