- Lawmakers are expected to agree on a savings target of 14.5%, up from the Commission’s revised proposal of 13% in light of the war in Ukraine and a considerable increase from the 9% initially proposed in July 2021 as part of the ‘Fit for 55’ package of climate laws.
- Those are likely to comprise the demand reduction targets for electricity, a cap on energy companies’ revenues to be set at €180/MWh and the idea of recycling these excess profits back to struggling consumers.
- The European Commission will propose a cap of €180/MWh on revenue made by energy companies with low production costs and recycle these revenues to those struggling with high energy prices.
The Green Brief: Is Europe finally taking energy conservation seriously?
