Could you please summarise this paragraph? An integrated EU energy market is the most cost-effective way to ensure sustainable, secure and affordable energy supplies to EU citizens... Could you please summarise this paragraph? An integrated EU energy market is the most cost-effective way to ensure sustainable, secure and affordable energy supplies to EU citizens. Over the last decade, the major efforts undertaken to further integrate electricity markets in Europe have delivered significant benefits, estimated to amount to around EUR 34 billion a year, for consumers, by enabling cross-border trade between Member States and improving security of supply across a larger geographical area. In the context of frequent supply disruptions, the Single Market has helped ensure that energy, notably gas, flows to where it is most needed. Regional cooperation and solidarity have been essential to guaranteeing the resilience of the EU energy system. The TEN-E Regulation has contributed significantly to this robust security of supply by interconnecting Member States’ energy systems through Projects of Common Interest (PCIs). At the same time, the recent energy crisis has highlighted a number of shortcomings to which the EU has had to respond. Read more