Executive summary
On 8 March 2022, the European Commission (the Commission) proposed RePowerEU, an emergency action to increase the resilience of the European Union (EU)-wide energy system in view of the Russian invasion of Ukraine. Presently Russia provides more than 40% of the EU’s total gas consumption and accounts for 27% of oil imports and 46% of coal imports.
The proposed measures address the following:
- Mitigation of energy retail prices to support low-income households and other heavily affe…