It took years, but on Sunday the Commission announced a severe penalty against Hungary. Subsidies are to be cut by €7.5 billion – if a majority of member states agree. You can read in the news how Budapest will try to avert the penalty as early as this week.The party of French President Emmanuel Macron […]
Electricity prices are supposed to fall, but member states are still at odds over the means. The Commission is now considering a new proposal for a common line: Countries that skim off high excess profits should co-finance relief in other EU states.The basis is a draft law available to Europe.Table. “In a spirit of solidarity, […]
Late yesterday, the Bureau of the European Parliament elected a new Secretary General. Parliament President Roberta Metsola’s wish was fulfilled: Her head of cabinet, Alessandro Chiocchetti (53), has prevailed over his three competitors, as Markus Grabitz has learned.The Commission is picking up the pace on energy pricing. After working through the weekend, a new draft […]
Commission President Ursula von der Leyen announced her temporary defeat on Saturday with four bullet points – the topics for Tuesday’s college meeting in Strasbourg: smart energy saving, financial contributions from the energy sector for households and businesses, liquidity support for utilities and faster implementation of REPowerEU – which includes faster expansion of renewable energies.Von […]
For months, Europe had hesitated, but now there is to be a price cap for Russian gas after all. “We must reduce Russia’s revenues, which Putin is using to finance his cruel war against Ukraine,” Commission President Ursula von der Leyen said yesterday in Brussels.After the plan had already become known in the past few […]
The Commission will present a proposal for a price cap on Russian gas imports. This was announced yesterday by Commission President Ursula von der Leyen on Twitter. The package will also include proposals for reducing electricity consumption peaks, relief for vulnerable households and companies using revenue from the energy sector, which was announced last week, […]
The EU Commission’s energy experts are in favor of a price cap on electricity generated from nuclear power, lignite and renewable energies. This would decouple these cheaper energy sources from the price of the electricity exchange, which is mostly set by more expensive gas-fired power plants, according to a non-paper from the responsible Directorate-General for […]
The Greens want to focus more on shifting consumption over time as a means of countering high electricity prices. “A savings target for electricity would be even more effective if all consumers shifted their electricity consumption away from peak hours, especially weekday evenings, to reduce costs for everyone on average,” said the group’s coordinator in […]
Are they reassured or spooked now? In any case, the announcement by EU leaders on Monday seems to have made an impression in one place: the electricity and gas markets on the continent. Compared with the highs of Friday, prices fell sharply yesterday, as they did at the beginning of the week. The gas price […]
The European Commission wants to take faster and broader action against high electricity prices than previously known. A spokesperson for Energy Commissioner Kadri Simson announced concrete steps for a new electricity market design on Thursday in response to a question from Europe.Table: “We plan to launch a broad public consultation in the fall, based on […]