“These are good proposals, but more is needed,” Michel told reporters. Several countries of the euro community began to implement measures to save energy costs or control prices. The new Prime Minister of United Kingdom announced a battery of measures including the freezing of gas and electricity bill prices for two years for households and aid of up to 40,000 million pounds for energy companies.
Germany and Portugal they have planned lower the thermostats and turn off some lights of public buildings, as European countries look for ways to reduce energy consumption and top up their gas reserves to prepare for colder weather and a possible Russian outage.
The threat of Russia to suspend supply fully arose after the countries of the G7 approve a maximum price to be paid for oil from that country to all those who operate with maritime services from Western countries. Russia has already implemented the closure of the North Stream 1the gas pipeline that supplies Europe.
Michel said that the EU had to go back to discussing the decoupling of the price of electricity from that of gascapping gas prices in some way, as well as joint purchasing, proposals that have divided EU countries because larger economies can more easily strike bilateral deals than smaller ones.
Michel said that the competition for limited supplies reminded him of the race for COVID vaccines. “In the end we have realized that if some EU member states have the vaccine but others do not, we will continue to have to deal with COVID for a long time. I hope common sense returns to this debate as well,” he said.
The EU energy ministers will discuss these proposals on September 30before the summits of world leaders on October 6, 7, 20 and 21.
The official also spoke ofIncrease supply to Europe from other countries such as Algeria, Qatar, Saudi Arabia and the United Arab Emirates.
Source: Ambito
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