With the recently adopted Council Regulation on An Emergency Intervention to Address High Energy Prices, the Council has set ambitious energy consumption reduction targets. This includes a recommended 10% reduction of Member States’ monthly average gross electricity consumption and a binding 5% demand reduction target during identified peak hours. The challenge now is how to make these targets immediately operational for Member States. The power sector would like to provide recommended measures along with use cases from both inside the European Union and from around the globe with proven positive results. We have separated these recommendations into short-term (relatively, immediately implementable) measures and medium- to long-term solutions which should be incorporated in Member States’ frameworks as prices are not foreseen to stabilise until 2025.
