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Two EU countries propose energy market reform

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Europe faces an energy crisis

The countries of Europe should recognize nuclear energy as green due to the absence of greenhouse gas emissions, according to France.

France and Spain intend to initiate a reform of the EU energy market. It will include the introduction of regulated tariffs for consumers, whose electricity bills have increased by 400-500 euros per year as a result of the September gas price hike. This was stated by the Minister of Economy and Finance of France Bruno Le Maire after arriving at the Eurogroup meeting in Luxembourg. TASS on Monday, October 4th.

“The rise in energy prices will for the first time be in the spotlight at a Eurogroup meeting today. It causes us serious concern, it is unfair, ineffective and very expensive for European citizens. Those politicians who consider the rise in gas prices to be a temporary phenomenon that will pass by itself, we must say this to the face of the poorest citizens, who are already paying 400-500 euros more for electricity a year due to rising gas prices. Maintaining the status quo is impossible, “Le Maire said.

He added that the European energy market has one serious advantage, it provides energy supplies to all EU states. But also one major drawback is the linking of electricity prices to gas prices.

“This is completely ineffective, and we can no longer agree with this,” the minister stressed.

According to him, France and Spain at the meeting of the Eurogroup will present concrete proposals to improve the EU energy market.

“First, we need to improve gas market regulation and gas inventory management. Second, we need to secure long-term contracts and regulated electricity tariffs for EU citizens, which must be firmly linked to the cost of generating electricity,” Le Maire said. two specific proposals that we want to discuss today together with our Spanish colleague and a number of other EU countries. “

He added that if Europe wants to generate more electricity without additional carbon dioxide emissions, then “nuclear power is a strong response to this situation.”

Le Maire explained that the EU countries should recognize nuclear energy as green due to the absence of greenhouse gas emissions. This circumstance will make it possible to invest funds from EU programs in the construction of new and modernization of old nuclear power plants in European states.

Deputy Chairman of the European Commission Valdis Dombrovskis said that the EC is considering the issue of recognizing nuclear energy as a low-carbon source of energy. According to him, Brussels considers the current rise in gas prices to be a temporary phenomenon, which will only accelerate the EU’s transition to green energy.

Previously Forbes magazine predicted the energy crisis in Europe… The rapid transition to clean energy sources threatens the continent with an energy catastrophe this winter, the newspaper believes.

Let’s remind, at the beginning of October gas price in Europe rose to $ 1200 for 1 thousand cubic meters, once again updating the historical record.

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