Source: European Parliament
On 26 February 2025, the Commission presented the action plan for Affordable Energy[1] alongside the Clean Industrial Deal underlining that affordable energy is a fundamental pillar of Europe’s strategy for sustainable prosperity and industrial competitiveness.
The action plan for Affordable Energy sets out eight concrete measures across four pillars to accelerate the clean transition and complete the Energy Union.
It includes actions to reduce electricity bills, such as making network charges more efficient and lowering taxation for electricity, while promoting long-term contracts like power purchase agreements (PPAs) and contracts for difference (CfDs) to stabilise prices and support investments in clean energy.
Faster permitting for grids, renewables and storage will also help reduce costs across the system. The concerted measures of the action plan are expected to bring forward overall savings of EUR 130 billion per year by 2030.
With the full engagement of Member States and all relevant stakeholders, the implementation of this Action Plan, together with the Clean Industrial Deal, will enable Europe to remain globally competitive while advancing decarbonisation and ensuring that the benefits of cheaper, cleaner energy reach households and industry alike.
- [1] https://energy.ec.europa.eu/strategy/affordable-energy_en.