The European Commission has approved, under EU State aid rules, a €8.4 billion Spanish and Portuguese measure aimed at reducing the wholesale electricity prices in the Iberian market (MIBEL) by lowering the input costs of fossil fuel-fired power stations. The measure was approved under Article 107(3)(b) of the Treaty on the Functioning of the European […]
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Metsola on Ukraine: We need to disentangle ourselves from Russian energy
Roberta Metsola called on EU leaders to commit to long-term engagement when it comes to Ukraine, including securing energy independence for the EU. The Parliament President was speaking at the beginning of a European summit on 30 May dedicated to discussing the impact of Russia’s invasion of Ukraine. Although public opinion is currently in favour […]
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Commission establishes the EU Energy Platform Task Force to secure alternative supplies
On 25th May, the Commission had set up a new Task Force within its Directorate-General for Energy, to provide support to the EU Energy Platform and implement the REPowerEU goal of supply diversification. Following a mandate from the European Council in March 2022, the Commission and Member States have established the EU Energy Platform to […]
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Public hearing on Commission’s classification of gas and nuclear
Parliament’s Committees on Economic and Monetary Affairs and on Environment, Public Health and Food Safety will hold a public hearing ahead of a scheduled vote on an objection on 14 June. The public hearing will contribute to MEPs’ ongoing scrutiny of the Commission’s proposal on how nuclear and gas activities should be classified in the […]
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Social Climate Fund: ensuring a just energy transition
The EU wants a just energy transition. Find out how the Social Climate Fund aims to help those who are most exposed to energy poverty. As part of its efforts to achieve carbon neutrality by 2050, the EU plans to introduce further requirements for reducing emissions in construction and transport. The new rules will stimulate Europeans […]
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Joint Statement between the European Commission and the United States on European Energy Security
Russia has demonstrated that it is an unreliable supplier of energy to Europe through unjustified and unacceptable actions such as cutting off electricity and natural gas to Finland, halting natural gas exports to Poland and Bulgaria, and threatening similar actions against other European nations. The European Commission and the United States condemn Russia’s use of […]
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Commission (Eurostat) publishes 2022 report on Sustainable Development Goals in the European Union
Eurostat, the statistical office of the European Union, published today the ‘Sustainable development in the European Union — 2022 monitoring report on progress towards the SDGs in an EU context‘, which provides a statistical overview of progress towards the Sustainable Development Goals (SDGs) in the EU. The data included in the report show that the […]
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EU member states to collaborate to store and share gas supplies
An important step to improve EU security of supply in the context of the war in Ukraine was taken today with the provisional political agreement reached between the Council and the European Parliament on the legislation on gas storage. The proposed regulation aims to ensure that storage capacities in the EU are filled before the […]
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Commission’s emergency measures to improve energy markets
In response to several months of exceptionally high and volatile energy prices, the Commission sets out on 18th May a series of additional short-term measures to tackle high energy prices and address possible supply disruptions from Russia. It also presents a number of areas where the electricity market design can be optimsied, making it fit […]
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