European Commission expects EU energy ministers to approve new energy measures

BRUSSELS, September 15 — PRIME. The European Commission (EC) expects EU energy ministers at an extraordinary meeting on September 30 to approve new measures in response to high energy prices, EC spokesman Tim McPhee said at a briefing.

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1 The EC proposed to take the superprofits of oil and gas companies

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The EC proposed to take the superprofits of oil and gas companies

“This is our hope, our expectation,” he said in response to a question about the possibility of clarity, harmonization of the EC proposals on energy measures presented this week.

“There was a clear desire at the previous meeting (of ministers – ed.), which took place last week, for the European Commission to quickly submit proposals. This meeting was convened (of ministers for September 30 – ed.) The chairmanship noted that it would like to complete the work,” McPhee added.

His colleague Dana Spinan noted at the same press conference that the proposals of the European Commission on saving gas were agreed upon by the EU countries in the summer in a very short time.

The Czech Presidency of the Council of the EU countries at the end of August convened an extraordinary meeting of the union’s energy ministers for September 9 amid high energy prices. The European Commission prepared a document for this meeting, in which it outlined a number of measures to alleviate the situation for consumers and companies. The ministers discussed them and on 14 September the European Commission presented formal proposals for these measures. The Czech Presidency convened another extraordinary ministerial meeting for 30 September.

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Among the measures officially proposed by the EC is a temporary income limit for companies that produce electricity at low cost (working on renewable sources, atom, lignite). Anything above the established limit can be sent to EU countries to support consumers. Also, the EC proposed to introduce a temporary collection of excess profits of companies received from activities in the oil, gas, coal and oil refining sectors. These funds could also go to help consumers in the EU, including energy-intensive businesses.

In addition, the European Commission proposes to set a mandatory goal to reduce electricity consumption in the European Union by at least 5% during its peak hours. The EC also recommends reducing the overall demand for electricity in the EU by at least 10% until March 31, 2023.