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The European Union (EU) can aspire to achieve energy independence through the deployment of existing and emerging technologies. Electrification, renewables and energy storage could reduce the EU's reliance on conventional fossil fuels. What are the developments, expectations, concerns and societal implications associated with these technologies? And what initiatives and policies could lead to a resilient EU energy system, through anticipating impacts?

This At A Glance - Study In Focus provides information on the proposed reform of the electricity market design which maintains crucial elements of the existing system to ensure continued efficient operation. The impact that changing the rules on longer-term contracts will have on consumer prices and investment will depend on the concrete language of proposed legislation as well as its ultimate implementation. Overall, neither the expected mode of impact of individual reform elements, let alone their ...

The proposed reform of the electricity market design maintains crucial elements of the existing system to ensure continued efficient operation. The impact that changing the rules on longer-term contracts will have on consumer prices and investment will depend on the concrete language of proposed legislation as well as its ultimate implementation. Overall, neither the expected mode of impact of individual reform elements, let alone their interaction, is clearly spelled out by the legislators. This ...

The energy crisis of 2022 has brought new challenges for the EU electricity market. Concerns over very high prices (driven in part by their coupling with gas prices), security of energy supply, and the need to increase decarbonisation have sparked discussions on the need to redesign the EU's electricity market. The EU has already taken a number of short-term measures to contain the energy crisis. The REPowerEU plan of May 2022 was introduced to phase out Russian fossil fuel imports, diversify supplies ...

On 30 September 2022, the Council of the European Union agreed an urgent regulation to address the problem of very high energy prices in the EU. The Council regulation would raise revenues for Member States to compensate energy consumers for rising prices. Firstly, Member States would receive the excess revenues of electricity generators that rely on cheaper 'inframarginal' energy technologies. These companies are obtaining windfall revenues from high electricity prices caused by the exceptional ...

Since Russia invaded Ukraine, Europe has found itself in an energy crisis. Skyrocketing gas and electricity prices, coupled with energy supply concerns, have obliged the European Union (EU) to take action to mitigate the situation. Reducing energy consumption is seen as one of the key measures the EU Member States can take to reduce energy bills and tackle supply issues. It can help them reduce their energy import dependency and prepare for a winter of possible gas supply disruptions. It can also ...

Accounting for about one quarter of global primary energy supply, coal is used mainly for power generation, heating, and in industries such as iron, steel and cement manufacturing. It provides almost 40 % of global electricity production and is responsible for over 40 % of energy-related CO2 emissions. While the global use of coal is driven by emerging economies in Asia, the West – and Europe in particular – is seeing a sharp decline in coal use because of air pollution, climate policies and, in ...

Durante la tornata di aprile 2022 il Parlamento voterà il testo di un regolamento RTE-E riveduto, concordato nei negoziati di trilogo alla fine del 2021. Il regolamento RTE-E definisce le norme per i progetti di interesse comune (PIC) nelle infrastrutture energetiche. I PIC sono progetti prioritari che apportano notevoli benefici al mercato unico o migliorano la sicurezza dell'approvvigionamento nell'UE; alcuni di essi sono ammissibili al finanziamento dell'UE. Il regolamento RTE-E riveduto imporrebbe ...

Nel corso della tornata di febbraio 2022, il Parlamento dovrebbe votare una relazione di iniziativa sulla strategia dell'Unione per le energie rinnovabili offshore, elaborata e approvata dalla commissione per l'industria, la ricerca e l'energia. Tale relazione rappresenta la risposta del Parlamento al documento di strategia della Commissione in materia, adottato nel novembre 2020 nell'ambito del Green Deal europeo.

The revision of the Energy Taxation Directive (ETD) is part of the 'fit for 55' package. The current ETD (Directive 2003/96/EC) is outdated and out of sync with the EU's climate and energy objectives. It favours the use of fossil fuels and no longer contributes to the proper functioning of the internal market. The aspects of energy taxation requiring most urgent revision are the level and structure of minimum rates, replacement of the volume-based approach to energy taxation with one based on energy ...