EU proposes range of measures for spiralling energy costs VDL LONG

2022-09-07

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The European Commission is proposing a range of measures to address spiralling energy costs including imposing a cap on the price of Russian gas. The President of the Commission Ursula von der Leyen today outlined five different initiatives to deal with what she called the astronomical electricity prices for households and companies and the “enormous market volatility”. Her proposals include electricity savings, a cap on the revenues of companies producing electricity with low costs and the impo...

The European Commission is proposing a range of measures to address spiralling energy costs including imposing a cap on the price of Russian gas.

The President of the Commission Ursula von der Leyen today outlined five different initiatives to deal with what she called the astronomical electricity prices for households and companies and the “enormous market volatility”.

Her proposals include electricity savings, a cap on the revenues of companies producing electricity with low costs and the imposition of a solidarity contribution on oil and gas companies.

President von der Leyen said those revenues should be used to support vulnerable households and companies and to invest in clean home-grown energy sources. And she said the EU cannot be blackmailed anymore by Vladimir Putin’s announcements on Russian gas. The measures will be discussed by EU energy ministers on Friday.

Out words: overcome

Dur: 00: 56

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