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On 15 December 2021, the Commission adopted a legislative proposal to recast the 2009 EU Gas Directive as part of the proposed hydrogen and decarbonised gas markets package. This reflects the EU's growing climate ambitions, as set out in the European Green Deal and its 'fit for 55' package. The proposal aims to support the decarbonisation of the energy sector by ramping up the production of renewable gases and hydrogen, and facilitating their integration in EU energy networks. The recast directive ...

On 15 December 2021, the European Commission adopted a legislative proposal to recast the 2009 EU Gas Regulation as part of the hydrogen and decarbonised gas markets package. This reflects the EU's growing climate ambitions, as outlined in the European Green Deal and its 'fit for 55' package. The proposal seeks to support the decarbonisation of the energy sector by increasing the production of renewable gases and hydrogen across the EU, and facilitating their integration in existing or new gas networks ...

In response to Russia's invasion of Ukraine in February 2022, the EU took immediate action to stem rising energy prices and secure energy supply to its Member States. In its communication on the REPowerEU plan from March 2022, the European Commission proposed that the Member States use joint purchasing, collecting of orders and matching of supply and demand to support gas storage refilling operations. The Commission also proposed a 'joint European platform' to lead bilateral negotiations with major ...

This At a glance note summarises the study Tproviding information on the current and potential impact of the gas supply crisis on the Just Transition Plans (JTPs). The evidence is based on the analysis of EU gas and energy supply dependencies, trade linkages with Russia, the general EU’s policy framework, Just Transition Mechanism (JTM), REPowerEU plan and the investigation of six case studies. It concludes with specified policy recommendations reflecting the implemen tation of the JTM, the JTPs ...

The project provides information on the current and potential impact of the gas supply crisis on the Just Transition Plans (JTPs). The evidence is based on the analysis of EU gas and energy supply dependencies, trade linkages with Russia, the general EU’s policy framework, Just Transition Mechanism (JTM), REPowerEU plan and the investigation of six case studies. It concludes with specified policy recommendations reflecting the implemen¬tation of the JTM, the JTPs in the light of risks of the energy ...

This study investigates the revision of the third energy package for gas in light of the current energy crisis. The report presents findings from desk research, interviews and a workshop on the current political context regarding natural gas and hydrogen as well as the role of unbundling rules for gas and hydrogen infrastructure, the development of an EU hydrogen backbone and the issue of ensuring energy supply through gas interconnectors.

The European Commission has adopted a proposal to improve the functioning of EU gas markets during the current energy crisis. It introduces a joint purchasing tool, seeks to improve efficiency and security of gas supply, and limits prices and volatility. The proposed Council regulation is under discussion among EU Member States.

On 30 September 2022, the Council of the European Union agreed an urgent regulation to address the problem of very high energy prices in the EU. The Council regulation would raise revenues for Member States to compensate energy consumers for rising prices. Firstly, Member States would receive the excess revenues of electricity generators that rely on cheaper 'inframarginal' energy technologies. These companies are obtaining windfall revenues from high electricity prices caused by the exceptional ...

Since Russia invaded Ukraine, Europe has found itself in an energy crisis. Skyrocketing gas and electricity prices, coupled with energy supply concerns, have obliged the European Union (EU) to take action to mitigate the situation. Reducing energy consumption is seen as one of the key measures the EU Member States can take to reduce energy bills and tackle supply issues. It can help them reduce their energy import dependency and prepare for a winter of possible gas supply disruptions. It can also ...

This paper provides a summary of recent economic, financial and budgetary decisions and developments following President Vladimir Putin’s decision of 24 February to start a military attack against Ukraine. It includes recent information relating to the EU sanctions regime, recent economic estimates, and policies supporting economic and financial resilience, including the coordination of national economic and fiscal measures. It also highlights policy recommendations made in the public domain to mitigate ...