The European Commission announced comprehensive new guidance aimed at reducing electricity costs across the European Union, with estimated savings of €45 billion in 2025 alone, progressively increasing to €130 billion annually by 2030 and €260 billion by 2040. The ambitious plan focuses on accelerating renewable energy deployment, improving grid infrastructure, and designing future-proof electricity network charges.
Commissioner Dan Jørgensen emphasized that the clean energy transition represents both environmental responsibility and economic security for Europe, stating that lower energy prices with high renewable energy shares form “the backbone of a sustainable and competitive economy.” The initiative encourages EU countries to facilitate innovative renewable energy sources, designate special areas for grid and storage infrastructure, and streamline environmental assessments. This comprehensive approach promises significant relief for both households facing high energy bills and industries struggling with production costs, while advancing Europe’s clean energy independence.