EU, plan to lower the bills: you save for 260 billion euros within 2040

Standard Ethics utility sector is the most aligned with ESG

(Finance) – La European Commission presented a Action plan with short -term measures to reduce energy costscomplete the energy union, attract investments and be better prepared for potential energy crises. It is a plan connected to the Clean Industrial Deal (also presented today), which intends to bring relief to families who face high energy bills, but also to industries fighting with high production costs, with total savings estimated by 45 billion euros in 2025which will gradually increase up to 130 billion euros of annual savings by 2030 and 260 billion euros by 2040.

Basically, it offers actions for face structural challenges which are increasing energy costs in the EU, in particular Europe dependence on imported fossil fuels and the lack of full integration of the electrical system.

The European Commission underlines that afurther reduction of authorization times for renewable energy and infrastructures energy will also contribute to lowering energy production costs. Consumers already benefit from around 34 billion euros per year thanks to the internal market of EU energy. A further integration could increase these benefits up to 40-43 billion euros per year already by 2030.

To make electricity more accessible, the Commission will face all three components of the energy bills, i.e. network and system costs, taxes and taxes and supply costs. In particular, it will do Recommendations to Member States to lower national taxes on electricity And allow consumers to change supplier more easily towards cheaper energy offers, among other things. Based on the EU electrical legislation, the Commission will also further support the adoption of long -term supply contracts which ultimately help to break the link between the high -end electricity bills and the high and volatile prices of the gas. To lower the part of the network costs of the energy bill, it will propose a methodology to ensure that network costs reflect the costs of the energy system, encouraging the most efficient use of the network.

Together with the support to introduce more and more quickly renewable energy, the Commission will also bring significant benefits to consumers by supporting one wider adoption of energy efficiency solutionswhich can lead to savings of up to 162 billion euros per year in 2030. An EU guarantee regime to be developed in collaboration with the European investment bank will help reduce investment risks in energy efficiency services and will facilitate Access to more efficient appliances and products with a longer duration.

The European Commission underlines that gas prices in the EU are too high and are influencing the competitiveness of the European industry. To guarantee loyal competition, the Commission will intensify its control of EU gas markets With the help of the agency for the cooperation of energy regulators (Acer), the European Financial Instruments and Market Authority (ESMA) and national regulators. Will also be committed to reliable gnl suppliers for identify further competitive imports in terms of costs and exploit the purchasing power of the Union by aggregating the demand of EU companies.

Infne, will commit to completing the energy unionwith more interconnectors, a stronger network and transfrontier exchanges, and will launch a series of initiatives to promote the electrification and decarbonisation of the heating and cooling sectors, to mobilize private capitals and further digit the energy system, among the Other things.

“Today’s challenges require bold and ambitious actions to reduce energy prices and safeguard our safety – he said Dan JorgensenCommissioner for Energy and Housing – The response to these challenges lies in a cleaner, cheaper, more efficient and connected energy union. That’s why We will not take a step back on the green transition. We will take a step forward, with determination and urgency “.

tlb-finance