Increase the share of renewable energy in the European energy mix

Under the REPowerEU plan, energy ministers will vote to raise the target for increasing the share of renewable energy in Europe’s energy mix from 40% to 45% by 2030. Raising this target would halve EU gas imports and save €43 billion a year. The REPowerEU plan envisions an increase in installed renewable energy capacity from 1,067 to 1,236 GW by 2030.

Increasing the share of RES will not only make Europe less dependent on gas imports, but most importantly will reduce energy prices. The more RES, the lower the base price of energy. 2022 r. The graph below illustrates the difference in prices (in euros) of 1 MWh depending on the source of the raw material.
Source: Boryszew Energy; Exmetrix