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EU chief lays out five measures to tackle energy crisis
(EurActiv, 7 Sep 2022) Brussels outlined on Wednesday (7 September) five proposals to tackle the high energy prices gripping Europe, including a mandatory target for reducing electricity use, capping the revenues of energy firms, and recycling the money raised to help vulnerable households.
The measures were announced by EU Commission President Ursula von der Leyen and will be discussed with EU countries on Friday at an emergency meeting.
“We are confronted with astronomic electricity prices for households and companies and with enormous market volatility,” von der Leyen told journalists in Brussels.
“Therefore, we will put forward a set of immediate measures that will protect vulnerable consumers and businesses and help them adapt,” she added.
The first idea is for the European Commission to propose a mandatory target for reducing electricity consumption during peak hours. Brussels will work closely with EU governments to achieve this, von der Leyen said, with the exact target yet to be decided.
Von der Leyen also laid out ideas for capping the price of energy, including a cap on revenue made by companies producing energy at low costs.
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EurActiv, 7 Sep 2022: EU chief lays out five measures to tackle energy crisis
