What are the 5 emergency measures proposed by the EU Fee towards the power disaster?

Ursula von der Leyen, President of the European Union (EU) Fee, introduced to the general public the emergency measures she proposed for the power disaster inside the EU at a press convention in Brussels as we speak.

Mentioning that Europe is dealing with a unprecedented state of affairs, von der Leyen stated, “Russia is actively manipulating the pure fuel markets. We see that Russia’s manipulation within the fuel market additionally has results on the electrical energy market.” he stated.

Recalling that the EU had beforehand taken selections to scale back pure fuel consumption, fill fuel tanks, speed up renewable investments and enhance power provide from non-Russian sources, as we speak Norway provides Europe with extra fuel than Russia. used the phrase.

Voicing that Europe is experiencing drought with the power disaster, von der Leyen stated, “Attributable to drought, electrical energy manufacturing from hydroelectric energy crops decreased by 26 %.” stated.

What are the 5 emergency measures of the EU Fee?

Mentioning that they’ve ready 5 emergency measures towards the power disaster, Von der Leyen stated, “The primary is electrical energy saving. No matter we do, we have to use electrical energy sparingly.” made its evaluation.

Noting that the costs peak through the hours when electrical energy demand is at its highest, von der Leyen acknowledged that the costliest working pure fuel energy crops had been additionally put into use throughout these instances.

Von der Leyen stated: “We’ll suggest to set a objective of decreasing consumption throughout peak electrical energy utilization.” he stated.

“We’ll suggest a cap on the revenues of corporations that generate electrical energy at low value.” Von der Leyen stated that those that produce electrical energy from low-carbon power sources akin to renewables have low prices and excessive costs.

“We’ll suggest necessary contributions from fossil gas corporations”

Von der Leyen stated that some corporations have unexpectedly excessive income, which they’ll direct to households and companies.

Mentioning that every one power sources must be used to beat this disaster, von der Leyen stated, “Oil and fuel corporations have made big income. Due to this fact, we’ll recommend necessary contributions from fossil gas corporations.” stated.

Von der Leyen acknowledged that member international locations can use the extra assets they’ll present from the revenues of fuel and oil corporations to help the poor.

“We’ll suggest a ceiling value on Russian fuel”

Mentioning that there are additionally issues within the electrical energy markets, von der Leyen stated that corporations working on this area want a really great amount of funds to have the ability to transact, and that they’ll assist power corporations overcome the liquidity downside they’re experiencing.

Von der Leyen acknowledged that they goal to scale back Russia’s revenues by decreasing pure fuel prices and stated, “We’ll suggest a ceiling value for Russian fuel.” he stated.

Explaining that the EU obtained 40 % of its pure fuel from Russia earlier than the warfare, and this fee has decreased to 9 % lately, von der Leyen emphasised that the member states will consider the proposals they put together after this stage.

To debate this situation, the power ministers of EU member states will maintain a unprecedented assembly in Brussels on 9 September.

Russia final week stopped pure fuel move to Europe by the Nord Stream pipeline indefinitely.

Alternatively, in accordance with the EU Fee’s draft examine on the power disaster leaked to the worldwide press, it could be doable to impose a value restrict of 200 euros per megawatt-hour for electrical energy producers apart from pure fuel energy crops.

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