www.bloomberg.com
The EU Commission plans to expedite the development of cross-border power grids, citing that historical underinvestment and disjointed planning are driving up energy costs for consumers. They aim to improve energy infrastructure to foster a more integrated and efficient European energy market. This push reflects the EU’s recognition that enhanced grid connectivity is crucial for affordable and reliable energy access amidst rising energy prices and geopolitical uncertainty. The plan aims to address past shortcomings and pave the way for a more robust and interconnected energy system.
