REPowerEU: Joint European Action for more affordable, secure and sustainable energy

Author (Corporate)
Series Details COM (2022) 108
Publication Date 08/03/2022
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Communication published by the European Commission on 8 March 2022, aimed at improving the European Union's energy security and reducing dependency from Russian fossil fuels.

Further information:

This Communication was published in a context of rising prices in the energy markets and dramatic changes to the European Union's security situation following Russia's invasion of Ukraine.

It presents additional guidance on addressing energy prices, and it confirms the possibility to regulate those prices in exceptional circumstances. It sets out how EU Member States can redistribute revenue from high energy sector profits and emissions trading to consumers. It positions EU State Aid rules as offering options to provide short-term support to companies affected by high energy prices, and help reduce their exposure to energy price volatility in the medium to long term. The additional guidance follows up on the Toolbox published by the European Commission in October 2021. A number of other actions and future legislative initiatives are also presented in this plan.

The Commission also proposes the phasing out of EU dependence on fossil fuels from Russia by well before 2030. This can be achieve through the development of a so-called REPowerEU plan aimed at increasing the resilience of the EU-wide energy system. This is carried out via diversification of gas supplies and faster reduction of the use of fossil fuels in homes, industry and the power system.

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Commentary and Analysis
Politico, 08/03/2022: How Putin made the Green Deal great again
ING Think: Snaps, 08/03/2022: European Commission presents plans to reduce dependence on Russian gas
EUObserver, 08/03/2022: It's not easy being green — and cutting Russian gas
ING Think: Article, 10/03/2022: Is REPowerEU too focused on renewables as a way to cut out Russian gas?
EurActiv: Opinion, 18/03/2022: RePowerEU: Biofuels play a strategic role in boosting Europe’s energy independence

Deutsche Welle, 08/03/2022: EU unveils plan to reduce Russia energy dependency
BBC News, 08/03/2022: Climate change: EU unveils plan to end reliance on Russian gas
Euronews, 08/03/2022: EU will slash imports of Russian gas by two thirds by 2023
Politico, 08/03/2022: EU aims to slash Russian gas dependence by two-thirds this year
TIME Magazine. 08/03/2022: E.U. Releases Plan to Cut Russian Gas Imports by Two-Thirds and Increase Renewables
RFI News, 08/03/2022: EU plans to cut Russian gas imports by two-thirds this year, UK and US to ban Russian oil
BBC News, 09/03/2022: War in Ukraine: West hits Russia with oil bans and gas curbs
EurActiv, 09/03/2022: EU rolls out plan to slash Russian gas imports by two thirds before year end

European Commission: Press Release, 08/03/2022: REPowerEU: Joint European action for more affordable, secure and sustainable energy
European Commission: Questions and Answers on REPowerEU: Joint European action for more affordable, secure and sustainable energy (8 March 2022)
European Commission: Opening remarks by Executive Vice-President Timmermans and Commissioner Simson at the press conference on the REPowerEU Communication (8 March 2022)

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