Energy Daily reports that the goals of the agreement are an important part of the EU's effort to reduce emissions by 55% before 2030.
The new deal implies that the EU will reduce its energy consumption by 11.7% by next decade compared to an earlier estimate.
This means that each of the 27 member countries will have to reduce energy use by 1.5% per year from 2024 until 2030.
Danish MEP Niels Fuglsang said that "for the first time ever, we have a target for energy consumption that member states are obliged to live up to."
In an effort to reduce reliance on fossil fuels for energy, EU countries last year agreed to cut on gas usage by 15% from August 2022 until March this year compared to the average of the five previous years.
The new energy-related goals should help the bloc become more energy independent and maximize the use of its renewable resources, which are also expanding.