The energy ministers of the European Union held an extraordinary meeting today in Brussels for rising energy prices. After the meeting, it was announced that the ministers agreed on electricity cuts and taxes to be applied to energy companies. With the agreement reached, the EU has approved the first emergency measure package to curb rising energy bills. Final approval of the package is expected next week…
After the beginning of the Ukraine war and the rising tension between Europe and Russia, it broke out. energy crisis It brought Europe face to face with the worst nightmare of recent years.
Europe, which is trying to find a solution to both the scarcity of energy resources and rising energy prices, is preparing for a ‘hard winter’ with Russian President Putin’s significant cuts in gas going to the continent.
OUTSTANDING MEETING FOR RISING ENERGY PRICES
European Union (EU) energy ministers held an extraordinary meeting in Brussels this morning to discuss rising energy prices.
Energy ministers of 27 countries affiliated to the European Union discussed proposals such as electricity cuts to be applied during the busiest hours of the day and taxes to be brought to energy companies.
AGREEMENT REACHED ON ELECTRICITY CUTTINGS AND TAXES
Czechia, the term president of the EU, stated that the measures to be taken are aimed at reducing the rising energy prices after the Ukraine war, while announcing the post-meeting decisions.
In the statement, it was announced that the ministers had agreed on electricity cuts and taxes to be applied to energy companies. Final approval of the package is expected next week…
The approved proposal includes the voluntary reduction of electricity use by member states by around 10 percent, the reduction of demand during peak hours of electricity use, and the taxes to be applied to energy companies.
Jozef Síkela, Minister of Industry and Trade of the Czech Republic, in his statement on the meeting “We must not stop here. We are in an energy war with Russia. Winter is coming. We must act now.” used the phrases.
NEGOTIATIONS CONTINUED FOR A MONTH, THE FIRST PACKAGE WAS APPROVED
With the agreement reached, the EU has approved the first emergency measure package to curb rising energy bills. Negotiations on the package in question had been going on for a month.
With extraordinary measures, the EU aims to both rebalance the supply-demand mismatch, reduce electricity consumption during peak hours, and capture some of the revenues generated by energy companies from high prices.