The Commission agreed on a value for the gas price cap, which should amount to €275. However, this value could become a permanent political pawn among the member states. The reason is a new clause in the draft that the Commission officially presented yesterday, which was not yet included in the leak that Europe.Table had […]
With the emergency regulation, the Commission wants to limit extremely high gas prices for one year, as was the case last summer. Europe.Table had already reported on the key points of the market correction mechanism. A concrete value for the price cap has not been decided yet and, therefore, not included in the bill. However, […]
In a period of upheaval on the European electricity market, Leonhard Birnbaum, CEO of Eon, is taking over as interim head of Eurelectric, the most important European industry association. Birnbaum succeeds Jean-Bernard Lévy, CEO of EDF, the association announced yesterday. Birnbaum will initially hold the role until June 2023, because Eurelectric will elect a new […]
The Commission has drawn up key points for a price cap in gas trading. It is to apply to transactions concluded in the following month, based on the Dutch TTF price index. This price plays a key role as a reference on the European wholesale market for gas, writes the EU Commission in an as […]
On the gas price cap, the dispute between the Commission and member states is coming to a head. “We look forward to your active participation to ensure the adoption of the latest urgent proposals by the Energy Council to stabilize energy markets […] and get us safely through this difficult winter and the next,” writes […]
When it comes to securing Europe’s gas supply, the Commission wants to focus more on transit countries. “In terms of security of supply, developing the mutually beneficial relationship with Turkey could be a very important priority,” DG Energy Deputy Director General Matthew Baldwin told ITRE on Monday night. He said the EU must keep in […]
In light of the energy crisis, the European Parliament wants to use funds from the Reconstruction and Resilience Facility (RRF) for investments in energy infrastructure. On Thursday, the plenary adopted the amendments to the Commission proposal. Funding is to go primarily to renewable energy projects but also to fossil fuels such as liquefied natural gas […]
When wind farms or other renewable energy plants are replaced with new, more powerful turbines, permits should be issued within six months in the future. That’s according to a Commission proposal for a regulation on faster approval procedures, which the authority published on Wednesday.In a draft published on Monday (Table.Media reported), the Commission wanted to […]
The EU Commission considers a new joint venture between energy companies to be unsuitable for coordinated filling of European gas storage facilities in the coming year. The authority considers only joint tenders for EU-wide gas procurement to be “feasible in the short term”. That’s according to a presentation for the industrial advisory board of the […]
The EU Commission wants simplified approval procedures for renewable energies to apply as quickly as possible. This is a bridging measure for the period in which the member states have not yet implemented the revised Renewable Energies Directive (RED IV) from the REPowerEU package, according to the draft, which was made available to Europe.Table on […]