Tuesday, December 6 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Dec 05
Week of Nov 28
Week of Nov 21
Week of Nov 14
Week of Nov 07
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    EU-27 agree to reduce electricity demand by 5% at peak consumption hours


    September 30, 2022 - CE Noticias Financieras

     

      The Energy Ministers of the European Union have closed this Friday a political agreement on emergency measures to intervene in the EU electricity market and have agreed to reduce electricity demand in the EU by 5% at peak hours, a tax on fossil fuel companies and set a limit of 180 euros/MWh to the price at which infra-marginal electricity producers can market energy.

      After just over an hour's meeting, the EU-27 energy ministers adopted these emergency measures to set a mandatory reduction in electricity consumption, establish a "solidarity" levy on fossil fuel intermediaries, such as oil companies, and redistribute to the most vulnerable the extraordinary profits of infra-marginal technologies that sell electricity above 180 euros/MWh.

      The measures, which will be formally adopted by written procedure next week, will not enter into force until the day after their publication in the Official Journal of the European Union (OJEU).

      Thus, the energy ministers have endorsed the Brussels proposal to set a mandatory 5% reduction in electricity consumption at peak times and a 10% reduction in electricity demand until the end of March 2023.

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.