AccelerateEU comes amid rising energy import costs linked to geopolitical tensions, with the EU spending an additional EUR 24 billion on fossil fuel imports following the escalation of the conflict in the Middle East. The strategy aims to provide both short-term relief and long-term structural measures to reduce exposure to volatile fossil fuel markets.

Alongside repowering, the Commission plans to accelerate electrification across industry, transport and buildings, with an Electrification Action Plan scheduled for release by this summer. The plan will set targets and address barriers to wider electrification deployment.