European Union countries agreed

European Union (EU) member countries, energy In response to the economic crisis, an agreement was reached on measures including the compulsory reduction of electricity demand, limiting the income of low-cost electricity producers and taking contributions from fossil fuel producers.

Upon the call of the Czech Republic, the EU term president, the energy ministers of 27 member countries met in an extraordinary meeting today in Brussels.

While the meeting, where the energy crisis in Europe was discussed, continued, it was reported that the ministers agreed on new measures in the post shared on the official social media account of the Czech EU presidency.

“The ministers have reached a political agreement on measures to reduce high electricity prices.” In the post where the expression was used, it was stated that in this context, electricity demand will be reduced by necessity, an upper limit will be imposed on the incomes of electricity producers who make excessive profits, and solidarity contributions will be received from fossil fuel producers.

The proposals, prepared by the EU Commission in September, require member states to voluntarily reduce their total electricity consumption by 10 percent, to reduce electricity consumption by 5 percent during peak hours, to limit the revenues of those producing electricity from renewable, nuclear and coal sources to 180 euros per megawatt-hour, and to cut off the fossil fuel sector. It involved collecting taxes under the name of ‘solidarity contribution’.

With these measures, it is envisaged that EU countries will create a total of 140 billion euros, and that support will be provided to citizens and businesses.

In the continuation of the meeting, it is planned to bring a ceiling price to imported natural gas and to discuss the damage to the infrastructure of the Nord Stream pipelines.