The European Union has concluded the inter-institutional negotiations on the enhanced legal framework for energy efficiency, which notably sets a legally binding target of 11.7% reduction in final energy consumption by 2030 compared to the 2020 reference year. The updated legislation also introduces a series of measures to help accelerate energy efficiency practices. Notably, EU members will now be legally required to prioritise energy efficiency in policymaking, planning, and major investments.
In addition, EU countries agreed to almost double their annual energy savings obligation. Member States will be required to achieve an average annual energy savings rate of 1.49% from 2024 to 2030, up from the current requirement of 0.8%.
The European Commission’s proposal for a revision of the Energy Efficiency Directive was put on the table in July 2021 as part of the ‘Fit for 55’ package. This proposal included an energy efficiency target of 9% compared to the 2020 reference scenario, which was later increased to 13%.
Interested in Global Energy Research?
Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.
This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.