COMMISSION OUTLINES OPTIONS TO MITIGATE HIGH ENERGY PRICES WITH COMMON GAS PURCHASES AND MINIMUM GAS STORAGE OBLIGATIONS
Following up rapidly on the REPowerEU Communication and the Versailles Declaration, the Commission has set out ideas today for collective European action to address the root causes of the problem in the gas market and ensure security of supply at reasonable prices for next winter and beyond. Leaders will continue the discussion on these options at this week's European Council.
Commissioner for Energy, Kadri Simson, said: “Global and European energy markets are going through turbulent times, particularly since the Russian invasion of Ukraine. Europe needs to take swift action to ensure our energy supply for next winter, and to alleviate the pressure of high energy bills on our citizens and businesses. Today's proposals are another step forward in our intensive work on this front.”
