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The EBRD is continuing its drive to promote energy efficiency across its countries of operations with a new commitment to increase collaboration with the International Confederation of Energy Regulators (ICER).
Following a high-level meeting at the EBRD Headquarters in London on 6 March 2012, the EBRD and ICER have signed a Memorandum of Understanding, committing to share information and explore good practices in order to facilitate reform in energy infrastructure sectors.
The high-level meeting which resulted in the Memorandum is the beginning of a deeper dialogue between energy regulators and the EBRD on issues relating to capital investment in energy infrastructure. The aim of the EBRD and ICER is to promote, through policy dialogue, better security, affordability, competitiveness, environment compatibility and sustainability of gas and electricity systems and services in the countries of their operations.
The Memorandum was signed by the EBRD's President, Thomas Mirow, and the ICER Chair Lord Mogg.
President Mirow says: "In the energy sector, investors first and foremost look for a clear, long-term policy agenda. By collaborating further, the EBRD and ICER will leverage their respective experience in building transparent, predictable legal and regulatory frameworks.”
Lord Mogg says: “A sound climate for infrastructure investment is essential if we are to meet the challenges posed by climate change, supply security and providing affordable energy to customers. This collaboration between ICER and the EBRD will help regulators and investors to ensure that necessary investments are made.”
As outlined in the Memorandum, the EBRD and ICER will explore, share and promote best practice and innovation in energy regulation in their countries of operations.