ShArles Michel: The EU Council has reached an agreement to combat the energy crisis, the EU faces three tasks: lowering gas prices, guaranteeing security of supply and reducing demand, said the head of the EU Council Charles Michel The EU countries have reached an agreement to combat the energy crisis, the head of the EU Council, Charles Michel, said on Twitter. “The EU Council has reached an agreement on energy. Unity and solidarity prevail,” he wrote. According to him, the leaders “agreed to work on measures to curb energy prices for households and businesses.” European Commission President Ursula von der Leyen welcomed the decision of the EU leaders. She noted that it is about “strategic guidance on the energy package” from joint purchases to investments.” “The EU Council agreed that, in light of the ongoing crisis, it is necessary to accelerate and intensify efforts to reduce demand, ensure reliable supplies, abandon rationing and lower energy prices for households and businesses throughout the union, as well as that the integrity of the single market should be preserved.”,— the statement says. The EC should assess the impact of crisis management measures on existing long-term contracts. We are talking, in particular, about the voluntary joint purchase of gas, with the exception of mandatory aggregation of demand in the amount equivalent to 15% of needs, “dynamic price corridor” for gas, “energy solidarity” in case of interruptions in gas supplies, efforts to save. Read on RBC Pro Pro You are leaving, but your business remains in Russia: how to find an attorney of the Article Pro Medical Care abroad: how to call an ambulance, get a prescription and find a doctor Instructions Pro is now alarming not only for parents, but also for children. Here’s how to help them with the Instructions Pro There is a month left to return shares from foreign accounts. What are the risks of a Pro Article”Psychology of Influence” by Robert Cialdini: how this book teaches to Convince Sammari Pro The Anticipation of the Jackpot: Why people Invest in crazy Ventures Articles Pro How Twitter managed to force itself to buy Articles Pro How the labor market in the oil and gas industry has changed over the past year — Research figures According to Michel, the EU countries face three tasks: lower gas prices, guarantees of security of supply and continued work to reduce demand. In mid-October, the European Commission, as part of the fight against rising gas prices and preventing supply disruptions, proposed to oblige EU countries to share both pipeline gas and LNG with each other in case of shortage and warn about plans to purchase more than 0.5 billion cubic meters. Other proposals include mandatory participation of EU countries in joint procurement to meet at least 15% of their storage capacity targets (for this, companies will be able to form a European procurement consortium) and the introduction of a price restriction mechanism on the virtual hub Title Transfer Facility (TTF) (we are talking about setting a dynamic price limit for transactions). In addition, States should continue efforts to reduce gas demand. Authors Tags Subscribe to Telegram RBC Stay up to date with the latest news even in lockdown conditions
