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Policy

EU Prioritizes Easy Wins in Emergency Power Plans

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The EU is trying to stabilize its failing energy markets by striking a balance between emergency measures and long-term reforms in order to cope with the rapid removal of Russian gas imports. In doing so, the 27-member bloc must reconcile very different country-level supply and demand dynamics while preserving the market mechanisms underpinning the world’s largest interconnected energy system. In her latest proposal, European Energy Commissioner Kadri Simson focused on measures with broad support including demand reduction and redirecting profits from energy suppliers to consumers — but left more controversial proposals like gas price caps for future discussion.

Topics:
Policy and Regulation, Ukraine Crisis, Gas Demand, Gas Prices, Gas Supply, Gas-Fired Electricity, LNG Supply, LNG Prices
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