How did Europe’s gas and electricity prices fall after the highs of last year?

With the war raging on our continent, we had to take measures to protect people from high #energy prices.

It was the beginning of #REPowerEU plan, which meant:
- increasing gas reserves,
- saving energy consumption,
- purchasing gas jointly,
working with reliable partners like Norway and the United States,
- Increasing the deployment of renewables across the #EU.

Our #EUDataCrunch depicts its singular impact.

🟢 A week ahead of #SOTEU, read our policy recommendations with @umwelthilfe to address the deficits in the EU’s green industrial agenda and to speed up the rollout of #RenewableEnergy ➡️ https://eu.boell.org/en/renewables-2030
#NZIA #EUGreenDeal #REPowerEU @boellstiftung

EU policies have a real impact.

Here are some examples we'd like to share with you:

➤ #EUChipsAct

The EU-funded Infineon chips fab in Germany will create over 1,000 new skilled #jobs.

➤ Green Deal Industrial Plan

France's newly opened, first gigafactory in Billy-Berclau received €1.3 bn in #EU funding.

➤ #REPowerEU

The EU’s biggest geothermal heating system in Szeged, Hungary, provides affordable #energy to over 28,000 households.

More on 13 September. → https://europa.eu/!hBrJFX

#SOTEU

🇪🇺 🇪🇸 We are unlocking €990m to support #SMEs in #Spain together with the EIF and Banco Santander. This agreement will also target #climateaction projects and help promote cohesion within the country regions ➡️ bit.ly/3qkDQi4 #REPowerEU

Untap EU’s biomethane potential: Taking stock on the REPowerEU plan [Promoted content] https://www.euractiv.com/section/energy-environment/opinion/untap-eus-biomethane-potential-taking-stock-on-the-repowereu-plan/?utm_source=dlvr.it&utm_medium=mastodon #biomethane #EPBD #NZIA #renewablegases #REPowerEU

We are getting rid of Russian fossil fuels.

In March, EU #oil imports from Russia fell by 90% compared to the 2019-2022 average. EU sanctions against #Russia and the G7 price cap on Russian petrol and related products are delivering results.

#REPowerEU #EU

We #RepowerEU and the green #energy transition in Europe with €1bn loan to
Iberdrola
.

The loan will finance 22 renewable energy plants in Spain, Portugal & Germany:
✅2.2GW total installed capacity
✅Enough to power 1,000,000+ households.
👉https://bit.ly/3X1waxe

Renewable energy is our green light for a better future.

On #WorldEnvironmentDay, we mark our clean energy achievements of 2022:

⚡ generating, for the first time, more electricity from wind and solar sources than from gas
☀️ increasing wind and solar energy capacity by 16%
🌍 setting the target for the share of renewables in our energy mix to 42.5% by 2030

The green transition is already underway.

#EUGreenDeal #REPowerEU

We have stood up in unity and solidarity to regain our energy independence, cut Russian fossil fuel imports, and support Ukraine.

This was possible thanks to the efforts of EU citizens and companies embracing #REPowerEU.

In one year, we have diversified our supply, scaled up renewables, and saved energy to rapidly move away from Russian fossil fuel imports.

Our job is not done, but we are more resolute and united than ever, and better prepared to face next winter.
#EuropeanUnion #EUGreenDeal

Putin’s energy blackmail has failed.

One year after presenting #REPowerEU, we have reduced our dependency on Russian gas by three-quarters.

Everyone has played their part in building a more independent 🇪🇺 and we are more united and stronger than ever in preparing for next winter.

#Energy wise, the #EU has made it clear since the renewed #Russianinvasion of 2022 that it wants to achieve complete #independence from #RussianEnergy . It introduced #REPowerEU and several visits to #Azerbaijan have been made in order to ensure #gas imports for the EU.

The EU needs to ensure #stability and #peace in the #SouthCaucasus region in order to safeguard long-term ventures and to mitigate risks to its #diversification goals.

From choosing the best location for wind turbines to understanding how dust storms might impact solar energy production, the free data and services provided by the #EUSpace Programme are key enablers of Europe’s energy transition.

22% of the EU’s energy is renewable. The #REPowerEU initiative seeks to double this in just a few years, learn how #EUSpace helps flip from today’s fossil fuel-based energy system to one based on renewables.

https://www.euspa.europa.eu/newsroom/news/repowering-eu-space

It’s time to get serious about speeding up the expansion of wind energy in Europe [Promoted content] https://www.euractiv.com/section/energy-environment/opinion/its-time-to-get-serious-about-speeding-up-the-expansion-of-wind-energy-in-europe/?utm_source=dlvr.it&utm_medium=mastodon #EUGreenDeal #Industry #renewables #REPowerEU #windenergy

RT @e3g
🇪🇺EU member states and the @EU_Commission have agreed to repeat last year's 15% gas savings target in 2023.

While necessary, this emergency measure won't put the EU on track for the structural gas reduction by 2030 of the #RePowerEU plan.

Our reaction👇
https://www.e3g.org/news/the-eu-wants-to-repeat-2022-s-gas-savings-but-overlooks-structural-action/

RT @e3g
🇪🇺EU member states and the @EU_Commission have agreed to repeat last year's 15% gas savings target in 2023.

While necessary, this emergency measure won't put the EU on track for the structural gas reduction by 2030 of the #RePowerEU plan.

Our reaction👇
https://www.e3g.org/news/the-eu-wants-to-repeat-2022-s-gas-savings-but-overlooks-structural-action/

RT @Energy4Europe@twitter.com

The EC's analysis concludes that continuing 15% #gasreduction would be sufficient to achieve the 90% #gasstorage filling rate by end of Oct-23.

Reducing ⚡️ consumption may also help to stabilise #energyprices at lower levels.

New proposal ➡️ https://europa.eu/!9fNT9F
#REPowerEU

🐦🔗: https://twitter.com/Energy4Europe/status/1637828487284158470

Consumers are at the heart of our electricity market reform.

Today we proposed a reform of the EU electricity market to reduce the impact of gas on electricity bills. It would:

🔹 Boost renewable energy investments

🔹 Better protect and empower EU consumers

🔹 Enhance the competitiveness of the EU industry

By accelerating renewables and phasing out fossil fuels, we can create a secure, affordable electricity market design that is fit for the future.

➡ https://europa.eu/!Rh7chg

#REPowerEU

RT @H2Europe@twitter.com

We have to admit all techs will be needed, we will definitely need #hydrogen. Long term strategy should focus on #renewablehydrogen which will make us independent from foreign fuels and I welcome #REPowerEU which will give us a step towards EU resilience

- MEP @IsmailErtug@twitter.com

🐦🔗: https://twitter.com/H2Europe/status/1633038169590452227

Russia’s energy blackmail has failed.

Thanks to the efforts of EU citizens and businesses, we have cut our gas use by 19%. And our gas storage is still filled at 62%.

We are phasing out Russian pipeline gas by diversifying our energy supplies. In 2022, our LNG imports have increased by 68% compared to 2021.

And we are massively investing in renewables to produce clean energy in Europe.

With European unity and a smart energy policy, we are strengthening our energy independence.

#REPowerEU

RePower EU ruft zu “technologischer Innovation und industriellem Wandel” in ganz Europa auf

Die Europäische Kommission hat den "Green Deal Industrial Plan" angekündigt, eine Initiative, die die Wettbewerbsfähigkeit der EU im Bereich der Netto-Null-Emissionen steigern und den Übergang zur Klimaneutralität beschleunigen soll.

#GoodNews #EnergieWende #EU #GreenDeal #Infrastruktur #Innovation #RePowerEU #DoGood

https://www.climateaction.org/news/european-commission-presents-green-industrial-plan-to-enhance-competitivene