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HomeEU actions on high energy prices and security of supply
EU actions on high energy prices and security of supply
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The Commission has been tackling the issue of rising energy prices for the past year. The energy market situation has worsened considerably since Russia’s invasion of Ukraine and its further weaponisation of its energy resources to blackmail Europe. Russia has continued to manipulate gas supplies, cutting off deliveries to Europe for unjustified reasons, and markets have become tighter and more nervous. Despite the significant drop in Russian energy supplies – from 45% of our gas imports last year, to just 14% in September 2022 – Europe has managed to find alternative energy supplies and reduced its demand to compensate for the shortfall. We have also taken policy measures to limit overall market volatility and redirect excessive energy sector revenues to citizens and businesses.
- Published:
- Corporate author(s): Directorate-General for Communication (European Commission)
- Themes: Energy policy
- Subject: energy distribution , energy diversification , energy storage , EU activity , EU energy policy , gas supply , natural gas , price of energy
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| ISSN | ISBN 978-92-76-57903-8 | DOI 10.2775/00298 | Catalogue number NA-04-22-149-EN-N |
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| ISSN | ISBN 978-92-76-58164-2 | DOI 10.2775/152114 | Catalogue number NA-04-22-149-EN-C |
- Released on EU Publications:
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