Eurelectric, the association representing Europe’s electricity industry, has outlined five actions to advance electrification across the continent ahead of next week’s Energy Council meeting, where EU ministers will discuss the upcoming Electrification Action Plan, the group said on Tuesday.
In a letter to EU energy ministers, Eurelectric called for making the pilot auction of the Industrial Decarbonisation Bank a permanent financing tool, promoting ‘electrification acceleration areas’ with faster grid connections and permitting processes, and enabling social leasing schemes to support electrification efforts.
The group also urged the inclusion of electrification monitoring and forecasts in revised EU governance legislation and recommended the creation of information hubs detailing electrification solutions and funding opportunities.
“These recommendations aim to remove barriers to investment, finance, and public awareness while putting Europe’s energy transition back on a competitive track,” Eurelectric said.
Eurelectric highlighted that electricity’s share in the EU’s final energy consumption has remained steady at around 23% for over a decade, trailing behind China, which has already surpassed the EU’s 2030 target of 32%.
The proposals seek to close financing gaps, bolster investor confidence, and help deliver a secure, affordable, and decarbonised energy system for European consumers.
Commission President Ursula von der Leyen recently emphasised the importance of clean energy, stating: “We know what brings prices down: clean homegrown energy. The future is electric.
