[cjs_ac]

> The ultimate aim is to create a new truly European company structure. We call it EU Inc., with a single and simple set of rules that will apply seamlessly all over our Union. So that business can operate across Member States much more easily. Our entrepreneurs, the innovative companies, will be able to register a company in any Member State within 48 hours – fully online. They will enjoy the same capital regime all across the EU. Ultimately, we need a system where companies can do business and raise financing seamlessly across Europe – just as easily as in uniform markets like the US or China. If we get this right – and if we move fast enough – this will not only help EU companies grow. But it will attract investment from across the world.

> Which brings me to the second focus – investment and capital. We are now building the Savings and Investment Union. We need a large-scale, deep and liquid capital market that attracts a wide range of investors. This will allow businesses to find the funding they need – including equity – at lower cost here in Europe. We have made proposals on market integration and supervision to ensure our financial market is more integrated. This covers trading, post-trading, and asset management – as well as driving innovation and making our supervisory framework more efficient. This will help ensure that capital flows where it is needed – to scaleups, to SMEs, to innovation, to industry.

> Third priority: building an interconnected and affordable energy market – a true energy union. Energy is a chokepoint – for both companies and households. Just look at the dispersion of prices across European electricity hubs. Europe needs an energy blueprint that pulls together all the parts. This is our Affordable Energy Action Plan. For example, we are investing massively in our energy security and independence, with interconnectors and grids – this is for the homegrown energies that we are trying to promote as much as possible, nuclear and renewables. To bring down prices and cut dependencies. To put an end to price volatility, manipulation and supply shock. But we now need to speed up this transition. Because homegrown, reliable, resilient and cheaper energy will drive our economic growth, deliver for Europeans and secure our independence.

[techpression]

As a Swede the third one is terrifying, unifying the energy market has been catastrophic for us, both price and environment wise. The latest is added taxes due to choke points designed by EU from the first place..

[Gud]

As a Swede(working in the energy sector no less), Sweden has only themselves to blame for their catastrophic decisions, like killing a world leading nuclear industry. Don’t blame Germany for Swedens incredibly stupid decision to shut down functioning nuclear reactors prematurely.

[ViewTrick1002]

I think you’re getting cause and effect wrong.

Previously Sweden was much tighter coupled to German prices, but since fossil fuels were cheap people didn’t really notice.

Today due to CO2 cap and trade fossil emissions are expensive. [1]

Couple it with a massive renewable buildout leading to a decoupling of the prices that didn’t happened before.

We now have maximum volatility. Jumping between expensive fossil prices and an absolutely mindbogglingly large surplus leading to essentially free energy.

As Germany, and the rest of Europe, transitions to renewables we will spend less and less time on fossil fuel marginal prices and see our energy systems stabilize on renewable and storage prices. Outside of emergency reserve style situations.

[1]: https://en.wikipedia.org/wiki/European_Union_Emissions_Tradi...

[embedding-shape]

It's the Euro all over again, mostly because of this:

> Just look at the dispersion of prices across European electricity hubs.

Same Swedes were complaining (and still are!) about having to bail out the poorer members of the Union, should Sweden adopt the Euro and have a tighter integration with the Eurozone.

The common motivation of the EU is to smooth out these things across the countries, so we don't have these wild differences between countries. That might mean electricity gets more expensive for some members, and cheaper for others, but overall should lead to better usage across everyone. Basically socialism, applied to energy, so if you're OK with that for people, health and other things, maybe it makes sense to be fine with it for energy too?

[causalscience]

Wanna tell us more? Why has unifying the energy market been catastrophic for Sweden?

[mono442]

Energy is expensive because burning fossil fuels is expensive due to taxes. A coal power plant pays around two times more for emissions than for the coal itself. They're trying to solve a problem which they have created themselves in the first place.

[embedding-shape]

So you suggestion is to remove the taxes and go back to mostly using coal for power? Or what's the suggestion here? Because those taxes are there because of the pollution, so unless you have better way of getting rid of the pollution yet using coal for power, I'm not sure there is something better than trying to tax it away so other source can be focused by business and industry instead.

[paintbox]

Energy is expensive because fossil fuels are destroying the only planet we have.

If a person is taking lifesaving medicine that unfortunately makes their skin itch, you wouldn't call itchiness "a problem which they have created themselves in the first place"...

[ViewTrick1002]

Europe is energy poor. We will never be able to compete on raw cost with the US, China and similar.

Our path forward are through renewables, which today are vastly cheaper than fossil fuels.

We decide the speed of the transition to green cheap energy by how much we tax fossil fuels. Low taxes = slow transition. High taxes = fast transition.

[dv_dt]

That is a dubious claim of the accounting chain for expense of fossil fuels, which also ignores defensive tariffs for energy sources like Chines manufactured solar, wind and batteries. Though maybe it speaks to more beaucratic process around the energy not the core energy costs itself.

[yread]

And how pays for the healthcare that's indeed for the people downwind of that plant? How much does lung cancer treatment cost compared to coal?