EU to accelerate power grid projects to combat rising energy prices

2025-12-10 05:50:48 ET

• The European Commission on Wednesday will publish legal proposals to slash deadlines for authorities across the EU to approve permits for energy projects, in a bid to speed up the modernization of countries' power networks, according to drafts of the proposals, seen by Reuters .
• Industrial energy prices in Europe are more than double those in the U.S. and China. Domestic energy-intensive manufacturers say they deter investments in the continent.
• For grid projects, the deadline would be two years, down from current wait times of up to a decade. If authorities fail to respond within the new timeframes, permits would be automatically approved, the draft said.
• Brussels will also develop centralised EU plans for cross-border electricity infrastructure and trigger a “gap filling” process to request project proposals if none exist.
• The EU has earmarked 30 billion euros from its 2028-2034 budget for cross-border energy projects.

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