respond to climate change and integrating new and best available technologies;
mitigate energy poverty, supporting vulnerable energy consumers and empowering energy consumers, in line with market mechanisms;
bridge the cross-border regulatory gap by developing tools for regulatory consistency at regional level;
facilitate convergence of interconnected regional markets;
improve energy market monitoring and transparency;
share best regulatory practices
achieve professional excellence through training and education
cooperate with regulators from developing countries including cooperation aimed at improving capacity building.
The World Forum on Energy Regulation was identified as an ideal opportunity to increase regulatory cooperation on these issues. The "G8+" regulators concretely committed to preparing a report, following the World Forum (WFER IV) in mid October, on the promotion of energy efficiency and perhaps other issues that will be presented next year to the G8 Energy Ministers.