“The increase in electricity prices exposes the limitations of our current market design that was intended for different circumstances,” Von der Leyen said during a speech in Bled, Slovenia. “That is why we are now working on emergency intervention and structural reform,” he announced.
Almost simultaneously, the head of government of Germany, Olaf Scholzduring a press conference in Prague, spoke in favor of “swift action” to reform the electricity market.
According to the senior German official, there is a “complete agreement” among the countries of the European Union on this urgency to take measures
Shortly before, the Minister of Industry and Commerce of the Czech Republic (country that holds the bloc’s rotating presidency), Jozef Sikela, announced that the European energy ministers will meet in an emergency on September 9.
“I call an extraordinary meeting of the Energy Council. We will meet in Brussels on September 9. We have to fix the energy market. The solution at the level of the European Union is by far the best we have,” he wrote in his Twitter account. Twitter.
For her part, the Prime Minister of France, Elizabeth Bornewarned businessmen on Monday about the risks of power rationing in this boreal winter, and asked them to reduce consumption.
The sharp increase in energy prices, especially electricity, which had already been a cause for concern since the end of 2021, became an urgent and pressing priority from the start of the Russian war against Ukraine.
As part of the sanctions against Russia, the European Union decided to reduce gas consumption to be less dependent on Russian natural gas, but in retaliation the Moscow government dramatically cut supply, driving prices up even more.
Source: Ambito
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