Network connectivity (or lack thereof) and €9 billion added to electricity bills across Europe

Wednesday, Oct 9, 2024

Mediapool

Improving EU grid connectivity could save consumers 9 billion euros annually and reduce emissions by 2040.

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[This is an automatically generated summary, for reference only]

Investing in greater interconnectedness of electricity transmission grids across EU countries could save European consumers 9 billion euros annually between 2025 and 2040 by optimizing the flow of solar power from south to north, wind power in the opposite direction, and properly mixing various energy sources throughout Europe. Furthermore, more efficient use of the European electricity mix and eliminating current annual unserved energy losses of 1.6 terawatt-hours by 2040 would also result in greenhouse gas savings.

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