“A year after Draghi called for stronger EU energy markets, our data shows affordability risks remain high, with retail prices still 40–70 percent above pre-crisis levels in much of Central and Eastern Europe,” said Martin Vladimirov, one of the report’s authors.
Affordability is now by far the greatest threat to the EU’s energy resilience, outstripping the uncertainty created by Russia’s weaponizing of energy flows, by the climate transition and by system reliability.
“It affects not only citizens’ trust, but also the capacity of businesses to compete globally,” the Center for the Study of Democracy assessment cautions.
“For Europe to succeed in the next phase of its energy transition, it must ensure that clean energy is not only available, but accessible and economically viable for all.”
Vulnerabilities in one domain also risk spilling over into others, adding to the major and often historical divides that already exist between EU countries, the report cautions.
If the bloc fails to address the gulf between countries’ energy security, it threatens to entrench regional inequality and undermine its economic sovereignty and climate goals, it warns.
