Power Barometer 2025

Eurelectric’s Power Barometer 2025 reveals that Europe’s push for energy independence is showing mixed signals. While renewables are reaching record highs and reducing the role of gas in power pricing, sluggish electrification and a heavy reliance on imported technologies highlight deep-seated structural challenges. The findings come as Brussels prepares new industrial and climate policies to close the gap between ambition and delivery.

Key Highlights:

Fossil fuel imports remain Europe’s Achilles heel: Despite falling gas imports, the EU still spent over €400 billion on fossil fuels in 2024. Full electrification of transport and heating could have cut €150 billion from that bill.
Electrification is stalling: EU electricity demand grew just 1% in 2024, still 7% below pre-crisis 2021 levels. The bloc’s electrification rate has hovered around 23% for a decade—well short of the 35% target for 2030.
Renewables keep breaking records but supply chains lag: Clean power surged to 72% of the EU’s generation mix in 2024, with solar surpassing coal for the first time. Yet Europe remains heavily dependent on Chinese imports for solar panels and batteries, leaving a strategic vulnerability in its green transition.

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Read the full report here.