The energy crisis in the EU: measures to tackle and their effectiveness

Abstract

The onset of the 2022 energy crisis, the impact of which is felt by the whole world, and especially Europe, has radically changed the existing mechanisms of the European Union energy policy. It is therefore necessary to assess energy policy’s new directions and implementation measures. After providing a summary of the key reasons for the energy crisis in Europe, the article assessed the new measures and mechanisms, as well as the reasons for their adoption by the European Commission. The article revealed the influence of the actions taken on the state of the energy sector of the European Union, as well as their role in the emergence of disagreements between Brussels and EU member states. Ultimately, it was concluded that the European Union’s response to the energy crisis is insufficient. While there are prerequisites for a continuation of the crisis in 2023, the European Union is primarily pursuing geopolitical goals without addressing the underlying causes of price increases. There is the prospect of increasing pressure on the Commission to intervene more in the electricity market and more effectively support business and households.

Keywords

• european union
• eu
• energy crisis
• energy policy
• repowereu