Following up rapidly on the REPowerEU Communication and the Versailles Declaration, the Commission has set out ideas last 23rd March, 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 […]
REPowerEU: Joint European action for more affordable, secure and sustainable energy
The European Commission has today proposed an outline of a plan to make Europe independent from Russian fossil fuels well before 2030, starting with gas, in light of Russia’s invasion of Ukraine. This plan also outlines a series of measures to respond to rising energy prices in Europe and to replenish gas stocks for next winter. Europe has been facing increased energy […]
Evolution of electriciy prices
The price of electricity continues to rise in Europe. The cause of this phenomenon stems from several supply and demand factors, one of the most important of which is the shortage of natural gas and the sudden reactivation of demand, linked to a reduced supply of CO2 emission allowances. Commission President Ursula von der Leyen […]