Our EU team have pulled together an overview of the European Commission’s 2023 work programme, unveiled yesterday.
Key priorities in the year ahead include reforms around the EU electricity market, adapting the Single Market to the new digital age, and the creation of a European open finance framework, among many other issues that will impact the business community.
A UNION STANDING FIRM AND UNITED
The European Commission’s first priority in its 2023 Working Programme is a comprehensive reform of the EU electricity market to strengthen the EU’s capacity to cope with future price volatility and ensure affordable electricity bills. In parallel, the Commission will push for compromise on the ‘Fit for 55’ package files and invest €3 billion in the EU’s green hydrogen economy. This will impact the majority of European businesses, with the most impact being visible in energy-intensive industries and the energy sector itself.Download