New rules for the electricity and gas markets are coming into force across the EU. Their aim is to achieve a cleaner, safer and more resilient European energy system. They protect citizens from fluctuations in energy prices and give them greater rights and control over their energy choices. Revised electricity market rules: more choice and […]
Commission boosts Europe’s competitiveness, decarbonisation and independence with Electrification Action Plan and ETS review
The Commission presented last July 17 an Electrification Action Plan to make Europe the first electro-powered continent, and a stronger carbon market to support EU’s industry in the clean transition and electrification. Europe’s reliance on imported fossil fuels has repeatedly exposed it to geopolitical shocks. These have driven up energy prices for both households and companies, and dragged down our competitiveness. […]
Energy Union: New Spain-Portugal power interconnector inaugurated
On 2 July, the European Commission celebrated the inauguration of the electricity interconnector between Spain and Portugal. The commissioning of this new infrastructure project linking northern Portugal and Galicia, in north-western Spain, marks a key milestone in the energy sector. The project increases cross-border electricity transmission capacity by 1,000 MW, bringing the total to 4,200 MW […]
235 key cross-border energy projects to boost Europe’s interconnectivity
The second list of Projects of Common Interest (PCIs) and Projects of Mutual Interest (PMIs) has been published in the Official Journal of the European Union today. It outlines 235 selected cross-border energy infrastructure projects that will strengthen energy connectivity across the continent, bringing nearer the completion of the Energy Union. Once in force, in 20 days time, it […]
Regulations on charging measurements come into force in the EU
The amended Measuring Instruments Directive comes into force today, ensuring accurate and reliable measurements at electric vehicle charging points and hydrogen refuelling stations. The expanded directive sets out harmonised requirements to help manufacturers of this type of infrastructure achieve cost savings and roll out their networks more quickly, whilst empowering consumers by enabling more accurate […]
The Commission has approved a €5 billion Danish state aid scheme to support offshore wind energy
The European Commission has approved a €5 billion (DKK 37.6 billion) Danish scheme to support offshore wind energy, in line with the objectives of the Clean Industrial Pact. This measure will contribute to the transition to a net-zero economy and to the achievement ofthe EU-wide 2030renewable energy target. The programme was approvedunder the Clean Industry […]
Commission boosts energy interconnectivity across Europe
Last December 1, the Commission has granted 235 cross-border energy projects the status of Projects of Common Interest (PCIs) and Projects of Mutual Interest (PMIs) – the second such list since its launch in 2023. The selected projects will be eligible to apply for EU financing from the Connecting Europe Facility and will benefit from expedited permitting and regulatory […]
Spain: EIB and Iberdrola agree a €700 million green loan for power grid expansion
The European Investment Bank (EIB) approved a €700 million green loan to expand Iberdrola’s electricity-distribution grid in Spain. An initial, €500 million tranche was signed in Madrid by EIB Director General for European Union Operations, Jean-Christophe Laloux, and Iberdrola Finance, Control and Corporate Development Director José Sainz Armada. The total investment under the project amounts […]
Electricity from renewable sources up to 41% in 2022
In 2022, renewable energy sources made up 41.2% of gross electricity consumption in the EU, 3.4 percentage points (pp) more than in 2021 (37.8%) and well ahead of other electricity-generation sources such as nuclear (less than 22%), gas (less than 20%) or coal (less than 17%). In total, renewable energy sources increased by 5.7% from […]