morning (Energy) - Transport, Telecommunications and Energy Council
29 October 2026
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Council of the European Union European Council
Follow its sittings00:21 - 00:42
Speaker 2
elements that have been proposed by the Commission. And before I give the floor to delegates and to member states, let me first give the floor to our Commissioner Dan to first some opening remarks and maybe to set the context of where on the Commission's proposals. So thank you Dan, the floor is yours.
00:42 - 02:32
Speaker 1
Thank you Derek. Dear ministers, dear colleagues. In March, our heads of states and governments asked the Commission to urgently present measures to address across all the components of the energy bill in order to make electricity more affordable. Since then, prices are even higher. And in the last meeting only two weeks ago, leaders again underlined the critical importance of tackling energy prices.
So, it should be pretty clear that the proposal we are discussing here today on network charges and taxation is a very important one. It represents a significant part of the Commission's response to the urgent request by tackling two of the four components of electricity prices: network charges and taxation. By designing network charges and taxes on electricity in the most optimal ways, we can mitigate the impacts on our citizens' energy bills for years to come. Our proposal is not about short-term fixes for some consumers. It is about delivering structural savings for all.
Let's look at the network charges first. These charges represent on average one third of the bill, and they're not likely to fall. We have a growing need for grid investments to deliver a decarbonized energy system that is more secure, more electrified, and more efficient. This year, we invested 70 billion euros in grids. By 2040, to meet our needs, we should invest over 1 trillion euros.
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