Luxembourg city releases energy storage benefits

Does Luxembourg need a new electricity infrastructure?

Luxembourg aims to cover over a third of 2030 electricity demand with renewables, mostly through variable renewable energy (VRE) from PV and wind generation. The share of VRE generation in imported electricity is also expected to increase significantly. Taken together, these factors will require substantial investment in electricity infrastructure.

Is Luxembourg a good place to invest in energy?

This is especially true for the transport sector, which in 2017 accounted for 54% of energy demand and 65% of non-ETS GHG emissions. 1 Luxembourg’s low cost of energy and the high purchasing power of its consumers are also a barrier, as they limit interest to invest in renewables and energy efficiency.

What is Luxembourg doing about energy transition?

Luxembourg is pushing for a more aggressive approach on energy transition at the EU level and in some cases has adopted national targets that exceed the requirements of EU directives. Luxembourg’s renewable energy share is growing; it reached 6.4% of gross final energy consumption in 2017.

What are Luxembourg's Energy Policy Priorities?

Since the 2014 IEA review of Luxembourg’s energy policies, the country has made progress on its energy sector priorities of ensuring security of supply, promoting energy efficiency, increasing the use of renewable energy and reducing greenhouse gas (GHG) emissions.

Why does Luxembourg have a low energy cost?

The low costs of energy in Luxembourg and the high purchasing power of its residents represent a significant barrier to achieving the energy sector targets. Low taxes result in low electricity, natural gas and heating oil prices providing little incentive to invest in renewables and energy efficiency.

How much energy does Luxembourg use?

In 2017, Luxembourg’s energy consumption was 48.4 terawatt hours (TWh), in line with the 2020 energy efficiency target of not surpassing 49.3 TWh in final energy consumption. However, energy consumption has been increasing since 2016, especially in the transport sector.