The 27 are divided on the management of energy accuracy

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The European Council on the management of the energy crisis concluded yesterday without a precise decision, the first day of its work. The issue divided EU leaders, who ultimately called on the Commission to use the so-called “toolbox” to provide short-term assistance to citizens due to rising electricity prices. Many decisions are postponed until December.

The European Council called on the 27 EU member states and the European Commission to urgently use the so-called toolbox to bring short-term relief to citizens due to the recent rise in energy prices , did he declare. the text of the conclusions of the Summit.

However, there was no decision with Germany and several northern countries which have bilateral energy contracts with Russia to reject the drastic measures by Chancellor Merkel in order not to undermine the mechanisms of the market. In southern Europe, on the other hand, countries are calling for common measures to deal with the energy crisis. Spanish Prime Minister Pedro Sanchez has said he will raise the issue of more immediate EU involvement. with the aim of reducing prices in December.

In the conclusions of the European Council, Member States are invited to make the best possible use of the toolbox to “provide short-term assistance to the most vulnerable citizens and support European businesses”. It is also indicated that the Council and the Commission will consider medium-term measures to strengthen the resilience of the EU energy system, keep prices affordable, ensure security of supply and support the transition to climate neutrality. Finally, the European Investment Bank is called upon to accelerate investments in the energy transition.

It should be noted that the European Council discussed the recent rise in energy prices and the impact of price increases on citizens and businesses, in particular vulnerable citizens and small and medium-sized enterprises, who are trying to get out of business. recover from the novel coronavirus pandemic.

The so-called toolkit contains useful measures, both short and long term.

The European Council calls for:

* The European Commission to study the functioning of the gas and electricity markets, as well as the EU Emissions Trading System (ETS) market, with the assistance of the European financial markets (ESMA). The Commission will then assess whether certain business practices require additional regulatory measures.

* Member States and the Commission urgently need to make the most of the toolbox to provide short-term help to the most vulnerable consumers and support European businesses, taking into account the diversity and specificity of situations Member States.

* The European Commission and the European Council should consider immediate medium and long term measures that would help provide affordable energy to households and businesses, increase the resilience of the EU energy system and of the internal energy market , guarantee security of supply and support the transition to climate neutrality, taking into account the diversity and specificities of the situation in each Member State.

* The European Investment Bank (EIB) will examine how to accelerate investments in the energy transition, using its current capital, in order to reduce the risks of future downtime and meet Europe’s global ambitions for connectivity.

* The Extraordinary Council of Energy Ministers of October 26, 2021 to immediately promote these actions.

The European Council will monitor the situation and come back in December, the text concludes.

SOURCE: – ΜΠΕ


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