HomeWorldEU to hold emergency...

EU to hold emergency summit on electricity prices

Image: Getty Images

The summit will give countries a chance to sign EU proposals and overcome differences on the best way to deal with the crisis.

EU energy ministers will try to approve new measures to reduce rising gas and electricity prices at an emergency summit on 30 September. This was reported by Reuters.

The President of the European Commission, Ursula von der Leyen, in a speech on Wednesday, September 14, will present a package of measures aimed at protecting individuals and businesses from rising energy prices that cause high inflation.

The emergency summit will give countries a chance to sign EU proposals and bridge differences on the best way to deal with the crisis.

The draft proposals of the European Commission provide for the introduction of a tax on windfall profits of oil, gas, coal and oil refining companies received from a sharp increase in energy prices in the financial year 2022. The fee will be 33% of the excess profits of the companies.

Countries also need to reduce their electricity consumption by 5% during peak electricity prices.

It should be reminded that earlier it was reported that the European network of operators of the ENTSO-E electricity transmission system increased the available capacity for the export of electricity from Ukraine to the EU by another 20% – up to at 300 MW.

News from Correspondent.net on Telegram. Subscribe to our channel Athletistic

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now