Overview

• An EEA analysis predicts variable electricity generation costs could fall by up to 57 percent across the EU by 2030 compared with 2023.
• Savings hinge on compliance with EU targets for renewable capacity and energy efficiency set for 2030.
• Experts warn that short-term gains may be partially offset by the need to upgrade the European grid for greater flexibility.
• Expanding wind and solar power is expected to strengthen EU energy independence and support a shift toward cleaner industry.
• Renewables have already driven drastic CO2 cuts in the electricity sector, but progress in decarbonizing heating and transport remains slow.