Fee’s vitality plans to present member states ‘monetary firepower’ to guard residents, VDL says

The European Fee’s vitality plans will give member states “the monetary firepower” to guard susceptible households and companies over the winter, Ursula von der Leyen advised Euronews in an interview following her annual State of the Union speech.

Earlier throughout that handle, the Fee chief offered three proposals to deliver electrical energy prices down for Europeans together with a cap on the surplus revenues of non-gas electrical energy producers in addition to a windfall tax to recoup a few of the “extraordinary” income fossil fuels corporations are making.

She advised Euronews that with these measures, the EU “now could be giving member states the monetary firepower to financially help the susceptible households and susceptible companies.”

In response to the Fee’s calculations, these two measures ought to elevate greater than €140 billion.

These actions, she mentioned, would come on high of different measures already rolled out equivalent to a compulsory fuel storage requirement which nearly all of member states have already fulfilled and voluntary fuel use discount plans which can be aimed toward guaranteeing the bloc can energy itself by means of the winter.

On the hotly-debated subject of a cap on fuel costs, she mentioned that the EU was negotiating with Norway, which at the moment provides extra fuel to the bloc than Russia.

She mentioned that they had began “to debate how we are able to have a standard method to secure, decrease fuel costs”.

However she additionally famous that “final however not least the massive reform of the electrical energy market is the following step to return” to decouple the value of fuel from the value of electrical energy within the EU.

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