Modernisation Fund

The Modernisation Fund supports the modernisation of energy systems and the improvement of energy efficiency in 13 lower-income EU Member States. Established in 2018 for the 2021-2030 period, it aims to help the beneficiary Member States achieve their climate targets and the objectives of the European Green Deal. The beneficiary Member States are Bulgaria, Czechia, Estonia, Greece, Croatia, Latvia, Lithuania, Hungary, Poland, Portugal, Romania, Slovenia and Slovakia. In 2025, the European Commission launched an initiative to evaluate the Modernisation Fund’s operating rules. EGEC submitted its contribution to the Call for Evidence on 26 May 2025.   EGEC response to the consultation on the Modernisation Fund (first evaluation of the operating rules) (PDF)