News

EU gas and electricity markets proved robust in the third quarter of 2024, according to the latest quarterly reports for both markets.

In 2023, primary energy consumption in the EU reached 1 211 million tonnes of oil equivalent (Mtoe).

The measure contributes to the achievement of the objectives of the REPowerEU Plan, by enabling the diversification of energy supplies and ensuring security of gas supply.

In 2023, 24.5% of gross final energy consumption in the EU came from renewable sources, up by 1.4 percentage points compared with 2022.

The importance that the new Commission College puts on EU citizens in the clean energy transition was a recurring theme at the latest Citizen’s Energy Forum in Budapest on 5 December.

The Modernisation Fund has now provided €15.45 billion of investment to support projects in the clean energy transition since its launch in 2021.

These RFNBOs will be imported and sold in the EU, contributing to the objectives of the EU Hydrogen Strategy, the European Green Deal, as well as of the REPowerEU Plan.

The European Commission has opened an in-depth investigation to assess whether public support that Poland plans to grant for a nuclear power plant in Lubiatowo-Kopalino is in line with EU State aid rules.

EU countries have updated their goals for the deployment of offshore renewable energy up to 2050 in each of the EU’s 5 sea basins, with intermediate objectives to be achieved by 2030 and 2040.