CNBC: How Europe can save $110 billion on its energy bills

Setting up effective global regulatory systems has proven to be a challenge. But I'm a glass half-full-type of guy and believe that we can do better - if not globally, then at least starting in Europe.

The reality is that Europe needs a more integrated energy system if it is to achieve a better balance between its energy policy objectives of competitiveness, sustainability and security of supply.

Given the reforms discussions between European leaders and the increased focus on improving the region's competitiveness, now is the time to make a step-change in managing the energy transition.
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