Brussels, 20 December 2022 Gas price cap at €180/MWh. EU energy ministers reached a political agreement on a Council Regulation that sets a market correction mechanism to protect citizens and the economy against excessively high prices. The Regulation aims to limit episodes of excessive gas prices in the EU that do not reflect world
According to the Leaders’ Agenda 2022, the European Council meeting was scheduled to last two days (15‑16 December), with a Euro Summit following on … Outlook for the European Council meeting of 15 December 2022
Today the 27 Heads of State and Government met in Brussels and decided nothing to solve the european energy crisis. They had a very long discussion and once again asked Ursula von der Leyen, President of the Commission, to invent something more, given that what has been proposed so far does not satisfy. So all
European energy ministers’ meeting today in Brussels was not able to agree on European measures to limit the energy cost. Many countries have already done this with national measures. European citizens pay 3 or 4 times more gas and electricity and some countries have already taken their own countermeasures: by setting a national price cap
Gas and electricity prices have reached record levels in 2022 and hit all-time highs. Families and companies in EU are paying an extra cost for energy. After its defeat at the last EU Energy Council to limit the bills, the Commission proposed three new measures last 12 September. One to cut electricity consumption, another
Ministers agreed that the energy issue is urgent, but they decided nothing. Gathered in Brussels for an extraordinary meeting, the 27 energy ministers said no to the 5 recipes of the president of the EU Commission, Ursula von der Leyen, to deal with extraordinary measures on energy. All decisions will be sent as new proposals to
On 9 September 2022, a new meeting of the Council of Energy Ministers of the EU Council. On the table 3 discussions and possibly decisions: “gas cap”, “state of alert” and “tax on unexpected extra profits on energy”. Member States are divided on these three von der Leyen’s proposals. Gas cap means two things: setting
Meeting of the EU Council of Ministers for Energy on 9 September 2022, to decide on further measures for the energy market in Europe, where prices are soaring. In the meantime, the Council adopted a Regulation for energy consumption reduction in case of EC alert and exceptional powers in the event of a major energy crisis in
Inflation has risen to levels not seen in 40 years in the euro area or in many other countries, forcing some central … And it’s growing. The return of inflation
There is a double urgency to transform Europe’s energy system: reducing EU dependance on fossil fuel imports and tackling the climate crisis. EU has important objectives on climate change and the current tensions on energy market suggest to accelerate measures on energy savings, diversification of suppliers, renewables and to replace fossil fuels consumption in industry
