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VdL-We Need Reform Of EU Energy Market, Decouple Gas, Electricity Prices

EU

Delivering State of the European Union speech, Commission President Ursula von der Leyen states that with regard to the Ukraine War, that "The sanctions are here to stay. This is time for resolve, and not for appeasement...We are in for the long haul.".

  • VdL clearly seeking to send a message to EU member state gov'ts to maintain full support for Ukraine amid some signs of wavering amid concerns about energy supplies in the winter.
  • VdL: 'We are putting forward measures for member states to reduce their overall energy consumption. Then there will be targeted measures of support...cap on revenues of companies that produce electricity at low cost'
  • VdL: 'Fossil fuel companies will also have to make a contribution from their 'huge profits' 'EU proposals will raise more than EUR140bn for member states to deal with energy crisis'.
  • VdL: 'The EU and member states will develop measures that take into account our specific relationships with suppliers, from reliable friends like Norway to unreliable suppliers like Russia'.
  • VdL: 'Comprehensive reform of energy market needed to decouple gas and electricity prices'.
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