GROW Library corner: REPowerEU

Commission Press Release / 18 May 2022: REPowerEU: A plan to rapidly reduce dependence on Russian fossil fuels and fast forward the green transition
Communication from the Commission to the European Council, the European Parliament, The European Economic and Social Committee and the Commitee of the Regions REPowerEU Plan {SWD(2022) 230 final}

Impact of Russia's invasion of Ukraine on oil and gas sector
/ “Impact of Russia’s Invasion of Ukraine on Oil and Gas Sector.” Oil and Energy Trends 47, no. 4,2022: 3–5.
The impact of Russia's invasion of Ukraine on the oil and gas sector has been significant. Western majors have been obliged to divest Russian assets, and many companies around the world have voluntarily stopped trading in Russian oil and gas. Countries, including the United States and Canada, have imposed bans on imports of Russian oil, liquefied natural gas (LNG), and coal. Europe, which is more dependent on Russian oil and gas, has yet to ban energy imports, but is putting in ambitious measures to reduce reliance on Russia.

REPowerEU related EU publications

REPowerEU Actions
/ European Commission, Directorate-General for Communication, 2022, 2 pages.
Russia’s invasion of Ukraine has massively disrupted European and global energy markets. Europe must end its dependence on such an unreliable supplier. REPowerEU is the European Commission’s plan to end of dependency on Russian fossil fuel imports. REPowerEU is a plan for saving energy, producing clean energy, and diversifying our energy supplies. It is backed by financial and legal measures to build the new energy infrastructure and system that Europe needs.
REPowerEU, joint European action for more affordable, secure and sustainable energy
/ European Commission, Directorate-General for Communication, 2022, 2 pages.
In recent months, Europe has been facing high and volatile energy prices. After Russia’s unprecedented military attack on Ukraine, security of supply concerns exacerbate the situation.
Consumer protection mechanisms during the current and future periods of high and volatile energy prices
Alberto Pototschnig, Jean-Michel Glachant, Leonardo Meeus, laria Conti for European University Institute, 2022, 7 pages.
The recent surge in energy prices has prompted many governments to introduce emergency measures to reduce the impact on consumers’ electricity and gas bills. In its REPowerEU Communication of 8 March 2022, the European Commission confirmed that price regulation can be used to mitigate the effect of higher energy prices on consumers’ bills. In this Policy Brief, a more targeted approach, based on lump-sum rebate payments, which protects energy-poor consumers from unaffordable energy bills, while maintaining the incentives to save energy, is proposed.