Von der Leyen helps the cap on Russian fuel costs – Muricas News

She blamed Russian President Vladimir Putin’s battle towards Ukraine for the power disaster and the dramatic soar in fuel and electrical energy costs.

She stated that Europe’s precedence is to avoid wasting power as a result of the reserves are small, though the EU has already reached its aim of filling fuel storages as much as 80 capacities forward of the winter months. The goal date was November 1st.

“We thought we would wish two extra months,” she stated in a speech within the German metropolis of Murnau. “We labored exhausting to finish our dependence on Russian fuel and turned to different suppliers. Consequently, Norway now provides extra fuel to Europe than Russia. As well as, the US provides Europe with a major quantity of liquefied fuel,” she added.

She stated, in an announcement forward of the assembly of EU power ministers subsequent week in Brussels, that they see that the electrical energy market is not functioning as a result of it has been significantly disrupted by Putin’s manipulation.

The European Fee is because of current a bundle of detailed measures later this month.

With a purpose to remedy the worth disaster, von der Leyen stated that she firmly believes that “now could be the time to restrict the worth of Russian fuel that's exported to Europe by way of the fuel pipeline” and proposed to separate electrical energy costs from fuel costs.

Even earlier than Russia began the battle towards Ukraine, many EU member states known as for a elementary and structural reform of the power market of the European bloc as a result of they believed that the affect of fuel on the willpower of electrical energy costs was very disproportionate.

“In fact, we can even speak in regards to the want to take a look at the outlook of the electrical energy market within the medium time period, for instance separating the worth of fuel from the final willpower of electrical energy costs, and what's crucial matter right now, tomorrow and past, which is large investments in renewable power,” stated Von der Barking.

She additionally urged that among the large earnings made by electrical energy producers ought to be used to assist low-income or weak companies in these occasions of costly electrical energy.