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    Translation: EU Energy Council agrees on rapid emergency measures to curb electricity prices

    September 30, 2022 - ForeignAffairs.co.nz


      MIL OSI translation. Region: Germany/Germany

      Source: Federal Ministry for Economic Affairs and Energy

      09/30/2022 – Press release – Energy prices and transparency for consumers


      At today's extraordinary meeting of EU energy ministers in Brussels, the EU member states agreed on emergency measures to curb high energy prices in the electricity sector. The adopted EU regulation includes regulations for skimming off chance profits on the electricity market as well as a solidarity levy for energy producers, such as companies in the oil, natural gas, coal and refinery sectors. The proceeds will then be passed on to consumers. In addition, there is now a binding electricity saving target for all EU member states. At today's meeting, the EU Commission also presented its proposal for an "autumn package" in the gas sector. The package is intended to include temporary measures against the high gas prices and for greater gas supply security.Federal Minister Robert Habeck: “Households and companies are suffering from the high energy prices. With the emergency measures jointly decided by the Energy Council today, we have agreed on good and effective instruments to curb the rise in electricity prices. To do this, we siphon off random profits from the electricity market and also solidarity tax for energy producers, such as companies in the oil, natural gas, coal and refinery sectors is only fair: Because some of the companies earn a lot of money in the crisis and it is right to use this income for a solidarity contribution use for the common good. It is and will remain just as important to save energy. We are in a serious situation and winter is yet to come. That is why the binding energy saving targets are necessary.” Habeck went on to explain: “Of course we also have to curb the high wholesale gas prices. We support the proposal of the European Commission and are committed to using our European strength wisely and lowering the gas price across Europe through joint purchasing strategies.”

      MIL OSI

      EDITOR'S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

      MIL Translation OSI


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