Power Barometer 2022

High energy prices. Russia’s invasion of Ukraine. Inflation. Global markets in distress. Daily news headlines make it clear that this is a crucial time for Europe’s energy and climate policy, as we come to terms with the stark reality that our economy remains too dependent on imported fossil fuels. The consequences of such dependence are serious: security of supply is uncertain, consumers face high bills and government intervention provokes market disruptions, destabilising investor confidence… Yet, another future is possible, one where energy independence and climate action go hand in hand. A future where price volatility and supply risks are reduced. That future is electrification. The Power Barometer 2022 presents, based on the latest available data, what it takes to escape this crisis and what future prospects are possible for our sector and society.