The European Union ought to urgently intervene in the electrical power industry, claims European Fee President Ursula von der Leyen. You concern that the skyrocketing fuel and electrical power payments will turn out to be too much for citizens and firms.
“We are now working on crisis response and structural reform of the electric power marketplace,” von der Leyen mentioned at a meeting in Slovenia on Monday. This is necessary now that “electricity costs are skyrocketing and expose the present structure limitations of our energy marketplace.”
The committee and EU international locations this sort of as the Netherlands have extended argued that the marketplace did not require to be revised, despite the point that the vitality disaster became additional acute. Von der Leyen now arrives back to this.
The commission chairman discussed a number of several hours later on a check out to German electricity minister Robert Habeck that she wants, among the other items, to cut off the rate of fuel and electricity. You place out that high priced fuel is now driving up the rate of electricity. “With these exorbitant costs we will have to decouple”.
Crisis actions could be taken within weeks, claims von der Leyen. A a lot more thorough redesign of the industry would be early next calendar year.
Other EU nations around the world are contacting for action
The connect with to overcome mounting expenses, for instance by placing optimum selling prices, is being read by an raising variety of Member States. The countries of the south of the EU, which have been inquiring for it for some time, are getting far more and more help.
Heavyweight Germany is also sounding extra and a lot more benevolent. There is no for a longer period a standard conversation between source and desire, admits Chancellor Olaf Scholz.
The vitality ministers of the EU countries have been summoned to explore what to do up coming Friday. Some Member States have previously declared price tag limitations them selves or have intervened in any other case. But they desire to do it with the entire EU, since they form a typical electricity market place.
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