European Commission urges European countries to reduce gas and electricity consumption
The European Commission has called on European countries to reduce their gas and electricity consumption in order to lower prices during the energy crisis. This was reported by Politico with reference to the letter of the European Commissioner for Energy and Housing Dan Jorgensen to European ministers.
The European Commission has called on European countries to reduce their gas and electricity consumption in order to lower prices during the energy crisis. This was reported by Politico with reference to the letter of the European Commissioner for Energy and Housing Dan Jorgensen to European ministers.
According to the newspaper, the letter was sent on September 25. In it, Jorgensen called on ministers to take measures to reduce demand for gas and electricity "for as long as necessary." The commissioner noted that there are no “threats to security of supply” in the EU, but he called the situation difficult.
“With limited global supply and high price volatility, demand reduction can be an effective tool for price containment,” wrote Dan Jorgensen. He noted that in order to avoid a sharp increase in demand, price control measures should be “targeted” and “temporary”.
Gas reserves in Europe are at historically low levels due to the conflict in the Middle East. The storage capacity is currently 68%. The base target for filling gas storage facilities in the EU is set at 90% by the beginning of November. In March, the EU government allowed to reduce this figure to 80%.
