Page 27 - European Energy Innovation magazine - autumn 2022 edition
P. 27
Autumn 2022 European Energy Innovation
ELECTRIFICATION 27
Energy prices, supply concerns &
decarbonisation: how to square the circle?
By Kristian Ruby (pictured), Eurelectric Secretary General
EU average: Gas Price effect on electricity prices
300
250
200
€/MWh 150
100
50
0
Jan 21 Feb 21 Mar 21 Apr 21 May 21 Jun 21 Jul 21 Aug 21 Sep 21 Oct 21 Nov 21 Dec 21 Jan 22 Feb 22 Mar 22 Apr 22
n CO cost n Gas cost n Average day ahead electricity price
2
impressive reductions in energy of 50 million. The switch to electric 46% by the road sector alone.
demand. alternatives for heating is now more
urgent than ever as pointed out in the Electrification offers a route toward a
In 2021, heat pump sales grew by European Commission’s gas demand net-zero-emission future. Yet, current
25% compared to 2020, reaching reduction plan. electrification rates must urgently
two million units. RePowerEU calls ramp up to make this future possible.
now for their annual deployment E-mobility has an equally high Supported by the right enablers, we
to double by 2026 and triple by potential to replace imported oil, of could electrify our economy by up to
2030, reaching a cumulative stock which 63% is used by transport and 34% by 2030.
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