Energy crisis: EU wants to control electricity prices

The EU must find a solution before winter.

The European Commission plans to cap the price of electricity produced by sources other than natural gas in the Union at 200 euros per megawatt hour (MWh), a draft obtained by Reuters shows.

The move is part of a plan drawn up by the community administrator earlier this winter to try to lower gas and electricity prices. The Commission draft, consulted by Reuters, sets a target for member states to reduce electricity consumption by 10% each month compared to the average of the corresponding month over the past five years.

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War in Ukraine: “We will not supply gas, oil, coal, heating oil, we will not supply anything”, Vladimir Putin threatens to block energy supplies in Europe if price cap

Vladimir Putin has already warned that he will no longer supply oil or gas to countries that control prices. Cap prices “It would be a completely stupid decision.”Vladimir Putin started from the Economic Forum in Vladivostok.

Reduce consumption by 10%

The President of the European Commission, Ursula Von der Leyen, this Wednesday, September 7, during a press conference on energy, recalled her desire to limit the revenue of energy producers. He mentioned implementing binding measures to reduce electricity consumption during peak hours and creating a solidarity mechanism to help businesses and individuals.

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