EU spiking electric prices live wire, no one conducting answers

In the first half of 2021 there was more use of the so-called dirty energy than greener forms of energy for the whole of Germany which is discouraging,” Filis said, adding, “The same goes with the drastic rise of natural gas gas prices, of energy prices in a period when we thought we wouldn’t face that challenge of the cost as we have secured a long-term low price for the European market”. Each Member State will be able to focus on the sectors with the biggest energy efficiency potential, be it housing or industry,” Simson said, arguing that the EU’s renewables and energy efficiency policy in the context of what is currently happening on the EU energy markets. follow on twitter @energyinsider Reaching net zero does not only require green energy, but also using less energy overall. The July package included two dedicated energy proposals: updating the renewable energy and energy efficiency directives. We must keep investing in wind and solar to make affordable green energy available to all. “This is a global development, with most countries affected, regardless of their location or market arrangements,” she said. Focusing on the Mediterranean region, Constantinos Filis, director of research at Institute of International Relations, told New Europe in Athens, Greece, the big challenge for the countries’ turn to green energy and a green economy is the cost. Now is a good time to take advantage of the available EU and domestic recovery funds and prioritize renovation and other energy efficiency measures,” she said. In July, the Commission proposed the historic Fit for 55 package to deliver the Green Deal, which Simson discussed with the national energy ministers on September 22. Renewables are already today in the EU usually the cheapest source of power. They also called for the establishment of a centralised European platform to buy gas and start to build up strategic gas reserves, countering the bloc’s exposure to fluctuating international markets. Spain’s proposals include restricting the participation of certain traders in the EU carbon market, warning of the risk that “financial speculation rather than real factors drives prices up too quickly,” Reuters reported. “With the Renewable Energy Directive revision, the EU provides a complete framework for renewable deployment. “Getting to our new climate goals of course means ramping up the energy targets as well: We need 40% of renewables in our energy mix by 2030, not 32% as is the current objective. “In addition to the new EU headline energy efficiency target, we propose to increase the annual energy savings obligation to 1.5%. We also need to take energy efficiency seriously,” she said. “As long as the costs remain high, there are second thoughts as we saw for instance in Germany. On September 21, Spain’s Economy Minister Nadia Calvino and Energy and Environment Minister Teresa Ribera sent a letter to the EU Commission, saying member states should not need to improvise ad hoc measures every time markets malfunction. The European Commission is facing calls to investigate Gazprom, after Members of the European Parliament reportedly sent a letter on September 16 to Simson and the EU’s anti-trust chief Margrethe Vestager, saying they suspected the Russian gas giant of market manipulation. “But we have all together agreed to achieve these objectives, as we know that there is no alternative – we are already beginning to see the cost of inaction in Europe and around the globe and it is steep. “More generally however, social impacts and addressing energy poverty is regularly mentioned in Council conclusions or common positions, when discussing energy policy,” the EU official said. “I know that for my colleagues in the Member States, this is a challenging collection of measures. EUROPEAN COUNCIL

Spain wants EU Council deeds, not words

Facebook

Twitter

Linkedin

WhatsApp

Viber

Email

Print

As electricity prices increase across the EU, the bloc’s energy and transport ministers met in Slovenia this week to discuss measures to help lower the energy transition cost and keep prices in check. The size of the package is unprecedented and the proposals are strongly interlinked, not to mention the overall ambition to deliver a 55% cut in emissions by 2030 and climate neutrality by 2050,” the EU Energy Commissioner said. We are in particular focusing on areas where progress remains moderate: buildings, industry, and transport,” she added. Despite concerns that high power surges could delay plans for energy transition across the European Union, Energy Commissioner Kadri Simson put up a brave face, telling ministers on September 22 in the long run, the solution is more renewables and more energy efficiency. “We also need to take energy efficiency seriously. Simson said a combination of factors, but mostly high natural gas prices and the increasing post-crisis demand, caused electricity prices to increase across the EU. An EU official told New Europe on September 22 the Council does not have a common position on the current increase of energy prices. The increase in electricity prices is creating a lot of concerns and debate in Europe. “The issue of current energy prices was raised at yesterday’s (September 21) General Affairs Council, a member state, supported by others asked it to be added to the agenda of the upcoming European Council meeting on October 21-22. It is the only real solution to energy poverty and the best antidote to growing energy bills – using less energy means paying for less energy. As part of the July package, the EU Commission has proposed the new Social Climate Fund that would use the ETS revenues to balance the impact of the energy prices, providing funding for renovation and renewables projects as well as direct support to consumers. Simson told a press conference on September 22 the EU has to lessen its dependence on imported fossil fuels. In Spain, wholesale electricity prices have more than trebled since December, sparking a political blame game, Reuters reported, adding that the government moved last week to cap prices and limit power companies’ profits. Now is the time to deliver what we have committed to,” he added. Today’s situation underlines that we have to end our dependence on foreign, volatile fossil fuels as soon as possible,” the EU Energy Commissioner said. “Today’s situation underlines that we have to end our dependence on foreign volatile fossil fossils fuels as soon as possible. And we need to save 9% more energy than we would with our current plans,” Simson said. This will be for the President of the European Council to decide,” the EU official said, referring to the Spanish government’s request to include a European debate on the energy market in the Council’s agenda due to the increase in electricity prices. style=”font-size:40px; line-height: 1.3em; font-weight: 800; padding:7px;”>EU spiking electric prices live wire, no one conducting answers

By Kostis Geropoulos
Energy & Russian Affairs Editor, New Europe

EU Energy Commissioner Kadri Simson gives a press conference following the Informal meeting of Energy and Transport Ministers, in Kranj, Slovenia, September 22, 2021. According to Simson and EU Transport Commissioner Adina Valean electrifying the European transport sector is one of the keys to the EU’s success. However, Simson said that regardless of the temporary hike of the electricity prices, in the long run, the solution is clear: “We need more renewables and we need to improve our energy efficiency.