The European Union put down the last piece of the bloc's 2020 climate and energy policy puzzle by adopting an Energy Efficiency Directive. The directive is a game-changer for energy companies, which are now required to achieve 1.5% energy savings every year among their final clients. The EU law is also expected to trigger the largest revamp of Europe's existing building stock to date and set new standards for public procurement and energy audits.
EU plans to move towards a low-carbon economy depend upon a transformed cross-border transmissions system that can integrate renewables and smart meters alike, offering energy consumption savings at source. But is Europe on track to meet the challenge?
With smart meters gradually being rolled out across Europe, households are expected to gain full control over their electricity consumption, helping the fight against global warming and putting more renewable energy onto the electricity grid.