https://sputnikglobe.com/20220913/measures-to-reduce-energy-prices-in-eu-will-help-collect-more-support-funds---commissioner-1100741001.html
Measures to Reduce Energy Prices in EU Will Help Collect More Support Funds - Commissioner
Measures to Reduce Energy Prices in EU Will Help Collect More Support Funds - Commissioner
Sputnik International
MOSCOW (Sputnik) - New measures for the European Union to weather high energy prices, which the European Commission will propose on Wednesday, will enable... 13.09.2022, Sputnik International
2022-09-13T21:00+0000
2022-09-13T21:00+0000
2022-12-08T16:15+0000
world
european union (eu)
energy
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Earlier in the day, Simson announced that the European Commission would propose on Wednesday a number of measures in the energy sector, including setting a mandatory peak-hour electricity consumption target, revenue caps for low-cost electricity companies, and contributions from oil, gas and coal companies.EU residents, especially the most vulnerable, as well as businesses and industries are struggling to make ends meet because of high energy costs, Simson added.The start of hostilities in Ukraine in February exacerbated the energy crisis unfolding in Europe over the past year. Disruptions in logistical and financial operations due to the crisis and Western sanctions against Russia have undermined supply chains and led to a spike in energy prices worldwide, pushing many European governments to resort to contingency measures.
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european union (eu), energy, energy crisis
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Measures to Reduce Energy Prices in EU Will Help Collect More Support Funds - Commissioner
21:00 GMT 13.09.2022 (Updated: 16:15 GMT 08.12.2022) MOSCOW (Sputnik) - New measures for the European Union to weather high energy prices, which the European Commission will propose on Wednesday, will enable countries to collect and direct additional revenue to those in need, European Commissioner for Energy Kadri Simson said on Tuesday.
Earlier in the day, Simson announced that the European Commission would propose on Wednesday a number of measures in the energy sector, including setting a mandatory peak-hour electricity consumption target, revenue caps for low-cost electricity companies, and contributions from oil, gas and coal companies.
“Our plan will enable Member States to raise & redirect revenues to those in need in this difficult time,” Simson tweeted.
EU residents, especially the most vulnerable, as well as businesses and industries are struggling to make ends meet because of high energy costs, Simson added.
The start of hostilities in Ukraine in February exacerbated the energy crisis unfolding in Europe over the past year. Disruptions in logistical and financial operations due to the crisis and Western sanctions against Russia have undermined supply chains and led to a spike in energy prices worldwide, pushing many European governments to resort to contingency measures.
