Rising energy prices have raised the EU’s political agenda

European Energy Commissioner Kadri Simson speaks at an online news conference at the European Union headquarters in Brussels, Belgium, on November 19, 2020.

BRUSSELS, Oct. 6 (Reuters) – The European Union (EU) said on Wednesday it was considering proposing to review the design and amend European law as it seeks to maintain its plan in the face of significant energy costs.

Prices of European electricity and gas have risen this year due to strong demand from tight gas supplies in economies recovering from the COVID-19 epidemic.

After EU leaders discussed their response on Tuesday night, rising energy prices have disrupted the EU’s political agenda, with environmental ministers and the European Parliament each debating the issue.

EU Commissioner for Energy Kadri Simson told the European Parliament: “There is no question of policy action.

The crisis has divided Brussels into two countries over whether to intervene. The commission will publish an alternative menu next week on how governments and the EU can respond.

According to Simson, the commission will begin a study on the appropriateness of the EU’s energy market transition to green energy. Spain and France have called for an amendment to the EU’s electricity regulation to regulate energy prices and gas prices.

“We believe this framework is healthy, but we see challenges,” Simson said.

Spanish Prime Minister Pedro Sánchez said he and other countries had asked Brussels for a “bold” response.

“We need unusual, innovative measures … we have asked for a common gas purchase,” he said.

Not all countries believe. EU regulators expect the gas market to ease in the spring, and some governments say it is better to treat consumers with higher subsidies than high bills – many countries are open.

“It is primarily about member states,” said Dutch Prime Minister Mark Rutte. We need to see what Europe can do together. There are ideas – some breakthroughs, some wild ones.

Prices have risen as the EU prepares to make major changes to its climate policy, raising concerns among the poorest central and eastern European states. Measures to increase the price of fossil fuels can push many households into extreme poverty.

Brussels has decided not to thwart plans to reduce inflation and has offered billions of euros to help poor families invest in green options.

“Let’s keep our eyes on the ball,” said Fran ቲois Timmermans, head of EU climate policy. The problem here is climate change. ” The faster we move to renewable energy, the more we can protect our citizens from higher prices.

Reported by Kate Template, Robin Emot, Marine Strauss, Philip Blancinssop; Edited by John Chalmers and Edmund Blair

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