Eurelectric has outlined five actions to advance electrification across Europe ahead of next week’s Energy Council meeting, where ministers are expected to exchange views with Commissioners Jorgensen and Hoekstra as they shape the forthcoming Electrification Action Plan.
In a letter to EU energy ministers, the association proposed institutionalising the pilot auction of the Industrial Decarbonisation Bank as a permanent financing instrument and promoting ‘electrification acceleration areas’ with faster grid connection and permitting.
It also called for enabling social leasing for electrification purposes across the EU, including electrification monitoring and forecasts in revised EU governance legislation, and developing information hubs on electrification solutions and funding opportunities.
Eurelectric said the recommendations aim to remove barriers to investment, finance, and public awareness while putting Europe’s energy transition back on a competitive track.
The group highlighted that electricity’s share in final energy consumption has stagnated at around 23% for over a decade, compared with China, which has already surpassed the EU’s 2030 target of 32%.
Eurelectric said its proposals offer a practical path to close financing gaps, strengthen investor confidence, and deliver a secure, affordable, and decarbonised energy system for all Europeans.
Commission president Ursula von der Leyen recently said: “We know what brings prices down: clean homegrown energy. The future is electric.”