€30–40bn saved via EU grid interconnection
ACER estimates that EU energy interconnection saves member states between €30 and €40 billion compared to 27 isolated national energy markets.
Snapshot · The Rest Is Politics
547. The Truth About Russian Oil, Net Zero, and North Sea Drilling
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Jun 24, 2026
Where this was said
Why the Green Message Isn't Landing — and How to Fix It
At 31:50 · chapter starts 29:56
Rory Stewart sharpens the political communication question: whatever is being done to sell the green transition isn't working, so what needs to change? Jørgensen resists the premise slightly — the direction of travel is right even if it isn't working fast enough — and marshals his strongest economic evidence. [1] — Dan Jørgensen "The IEA calculates that newly deployed renewables save European consumers approximately €33 billion per year on electricity bills. EU grid …" 31:00 The IEA calculates that newly deployed renewables save Europe €33 billion a year on electricity bills; ACER estimates that grid interconnection saves a further €30–40 billion. These are real, tangible savings that would vanish if the transition were reversed. But Rory persists: why doesn't the European public feel it? Jørgensen acknowledges big national differences — Spain has seen bills fall and broadly backs renewables; southeast European states are deploying renewables rapidly but haven't yet reaped the benefits because their grids aren't connected. The answer, he implies, is not a different message but better infrastructure.
The €33 Billion Argument for New Renewables
The IEA calculates that newly deployed renewables save European consumers approximately €33 billion per year on electricity bills. EU grid interconnection saves an additional €30–40 billion compared to 27 isolated national markets. These figures rebut the claim that the green transition is simply an expensive luxury.
€33bn saved annually from new renewables
The IEA calculates that newly deployed renewables save Europe approximately €33 billion a year on electricity bills.
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