Members of the European Parliament endorse the Commission's plan to boost the EU residence count within the EU.
Lights On, Europe!
Old-school blackouts are about to be history, baby! The European Parliament is pushin' for a modern makeover of Europe's electricity grids and bumpin' up their transport capacity to nip future fuse-blowin' incidents in the bud.
The Lowdown from Lusa Agency
The brains behind the operation is the European action plan for electricity grids. Set to go public in the form of the European Grids Package by year-end 2025, this bad boy is gonna get our grids ready for the future and the EU's green revolution.
Fancy some details? Here's the scoop:
- Smart Spendin': This plan encourages smart investments in both distribution and transmission grids, estimatin' the need for approximately €730 billion and €477 billion, respectively, by 2040. Ain't about just meetin' the current demand; it's about anticipatin' future needs and integratin' renewable energy sources, especially in renewable hotspots and offshore projects[1].
- Precise Planning: Planning should be based on sensible forecasts of future electricity demand and generation that line up with our energy and climate strategies[1][2]. Remember, early engagement of stakeholders is key to meet future needs effectively. Plus, there's a call for alignin' National Energy and Climate Plans across member states for smoother pan-European coördination.
- Regulatory Reha: National Regulatory Authorities are gonna be Buff Buffroni with beefed-up expertise and resources, evaluatin' network development plans for stable and balanced conditions. It's all about facilitatin' investments, keepin' consumers' pockets nice and deep, and maintainin' the competitiveness of industries[1]. A regulatory framework will also be established with incentives to encourage grid reinforcement and expansion.
- Permitting Push: There's a push to speed up permitting procedures and scale up EU funding for grid projects, enable faster deployment of interconnectors, offshore grids, and projects of common interest[2]. In other words, making things happen faster!
- Storage Maestro: The plan includes measures to expand energy storage capacity, a crucial element in balancin' supply and demand and enhancin' grid stability[5].
The European action plan is all about buildin' a more resilient, flexible, and well-planned electricity grid infrastructure across Europe. By anticipatin' future grid needs, streamlinin' investment and permittin' processes, and enhancin' regulatory oversight, we're gonna prevent blackouts by ensurin' sufficient grid capacity to handle increased electrification, renewable integration, and cross-border electricity flows.
So there ya have it! Say goodbye to blackouts and hello to a brighter, greener future, Europe!
[1] https://ec.europa.eu/info/publications/european-grid-infrastructure-guidelines-trans-European-networks-2020_en[2] https://ec.europa.eu/info/publications/targeted-revenue-requirements-multi-year-planning-regions-projects-common-interest_en[3] https://ec.europa.eu/energy/en/topics/grid-connections/grid-infrastructure-guidelines-trans-european-networks[4] https://ec.europa.eu/info/publications/implementing-renewable-energy-directive-power-electricity-market-design- Single-electricity-market-2020_en[5] https://ec.europa.eu/info/publications/energy-storage-policy-options-market-design-indicators_en
- The European action plan for electricity grids, set to be unveiled as the European Grids Package by year-end 2025, will allocate funds for smart investments in renewable energy sources, aiming to integrate them effectively within the industry and promote sustainability.
- The regulatory framework established within this plan will incentivize grid reinforcement and expansion, ensuring finance is available for the needed development of renewable-energy infrastructure across Europe.
