Building Blocks Executive Summary

European leaders gathered last week for a European Summit, with the objective, among others, of finding solutions to rising energy prices in the wake of the Middle East conflict.

In December, the European Commission launched a public consultation to inform the next revision of the regulation, scheduled for the last quarter of 2026. The Commission is particularly seeking stakeholders’ views on the need to transform NECPs into real investment plans. 

As the Americans would say, 2026 feels like a case of ‘déjà vu’… petrol prices are skyrocketing, against the backdrop of war.