REPORT FROM THE COMMISSION TO THE COUNCIL review on the functioning of Regulation (EU) 2022/1369 on coordinated gas demand reduction, amended by Regulation (EU) 2023/706

Summary

The European Union has faced severe challenges due to disrupted Russian gas supplies and volatile energy prices, stemming from Russia's use of energy as a political weapon. In response, the EU implemented a coordinated voluntary gas demand reduction target of 15% through a regulation, which included national measures like energy efficiency and renewable energy promotion. This approach has led to an 18% reduction in gas consumption and record-high gas storage levels, indicating the initiative is progressing well in mitigating supply risks.

Key Facts

Source Document

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