REPowerEU
Sign in to saveREPowerEU is a strategy adopted by the European Commission in May 2022 in response to the sharp rise in energy prices and the energy security risks that followed Russia's full-scale invasion of Ukraine. The energy crisis triggered by the invasion of Ukraine led to a significant increase in electricity prices across Europe, partly due to the structure of the EU electricity market, where prices are often set by the marginal cost of production. As natural gas prices rise sharply in 2021 and 2022, electricity prices increased accordingly, making the reduction of dependence on imported gas a centra
~20 min read
Encyclopedic overview
15 sectionsContents
- Background
- Legislative process
- Policy goals
- Saving energy
- Diversify energy supplies
- Clean energy
- National ownership
- Funding
- Criticism
- Tensions between energy security, climate objectives, and environmental sustainability
- Energy security and uneven reduction of Russian dependence
- One of the policy goals in decline: heat pumps
- Next steps
- See also
- References
REPowerEU is a strategy adopted by the European Commission in May 2022 in response to the sharp rise in energy prices and the energy security risks that followed Russia's full-scale invasion of Ukraine. The energy crisis triggered by the invasion of Ukraine led to a significant increase in electricity prices across Europe, partly due to the structure of the EU electricity market, where prices are often set by the marginal cost of production. As natural gas prices rise sharply in 2021 and 2022, electricity prices increased accordingly, making the reduction of dependence on imported gas a central objective of EU energy policy.
Against this backdrop, REPowerEU aims to reduce the EU's dependence on Russian fossil fuels, accelerate the deployment of renewable energy, improve energy efficiency, and strengthen the resilience of the EU energy system. This initiative combines short-term crisis response measures, such as demand reduction and diversification of energy supply, with longer-term structural reforms. It is also closely aligned with the EU's climate objectives under the European Green Deal.
Excerpted from Wikipedia’s “REPowerEU” article, available under the CC BY-SA 4.0 licence.