EU could save €2.5 trillion on energy bills by 2040
In Europe, around 47 million people are currently living in energy poverty and businesses are complaining that high energy prices make them much less competitive.
READ MORE : http://www.euronews.com/2025/02/27/eu-could-save-25-trillion-on-energy-bills-by-2040
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In Europe, around 47 million people are currently living in energy poverty and businesses are complaining that high energy prices make them much less competitive.
READ MORE : http://www.euronews.com/2025/02/27/eu-could-save-25-trillion-on-energy-bills-by-2040
Subscribe to our channel. Euronews is available on Dailymotion in 12 languages
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NewsTranscript
00:00Next month we will be presenting a road map on how to get to Sirung.
00:29Renewable energy is much cheaper than the fossil alternative so that will bring
00:33the prices down. Also if we are better connected in Europe our electricity
00:37systems so via more grids via more interconnectors that will bring down the
00:41prices as well and finally the gas market the traders they need to be
00:46better controlled so that we make sure that they don't have profits that are
00:51too high.
00:58With these measures we will save in Europe around 45 billion euros already
01:24the next year so already from now and and a year ahead. This would then of
01:30course increase so the savings will be bigger and in 2030 we will save more
01:35than 130 billion euros a year. So this is enormous amounts obviously this will
01:41also mean not only better competitiveness for industries but also
01:46for our households.
01:54you