CE prepares electricity savings and energy tax and discusses cap on gas

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The European Commission worked this Saturday on the proposals that it will present on Tuesday to deal with the price of electricity, putting the “emphasis” on saving electricity consumption, on a tax on energy and on helping struggling businesses, while discussing a cap on the cost of gas.

This was announced by the President of the Community Executive, Ursula von der Leyen, on her official Twitter account (NYSE: TWTR ), after the meeting held yesterday in Brussels by the Ministers of Energy of the European Union.

“The emphasis of our work ahead of the College of Commissioners meeting in Strasbourg was smart (demand) reduction, contributions from the energy sector to support vulnerable households and businesses, and liquidity support for businesses. according to von der Leyen.

The German explained that today’s meeting also focused on “accelerating” Brussels’ strategy to reduce dependence on Russian gas and encourage renewable energies.

Regarding the possible cap on the price of gas, Von der Leyen has assured that Brussels “continues to work on responses adapted to the global market.”

Precisely, the energy ministers agreed yesterday to reduce electricity consumption and tax the profits of energy companies, and asked the Commission to design a “temporary emergency intervention” in the electricity market, for example, through a limit on gas price in the formation of electricity prices.

The Spanish Vice President and Minister of Ecological Transition, Teresa Ribera, affirmed yesterday, however, that the possibility of imposing a price on Russian gas that the European Union imports by gas pipeline was left “open” yesterday, due to Hungary’s rejection and the doubts that generated in countries like Germany.

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Ribera assured that “we must continue working” on the proposal to define, in addition, how it would affect other gas producers such as Algeria or Norway.

“The objective – Von der Leyen specified today – is to achieve low prices in Europe while guaranteeing security of supply”.

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