EU energy plans to raise €140B to protect households, VDL says

The European Fee’s vitality plans will give member states “the monetary firepower” to guard weak households and companies over the winter, Ursula von der Leyen informed Euronews in an interview following her annual State of the Union speech.

Earlier throughout that tackle, the Fee chief offered three proposals to convey electrical energy prices down for Europeans together with a cap on the surplus revenues of non-gas electrical energy producers in addition to a windfall tax to recoup among the “extraordinary” income fossil fuels corporations are making.

She informed Euronews that with these measures, the EU “now’s giving member states the monetary firepower to financially help the weak households and weak companies.”

In keeping with the Fee’s calculations, these two measures ought to elevate greater than €140 billion.

These actions, she mentioned, would come on high of different measures already rolled out equivalent to a compulsory fuel storage requirement which the vast majority of member states have already fulfilled and voluntary fuel use discount plans which can be aimed toward making certain the bloc can energy itself via the winter.

On the hotly-debated situation of a cap on fuel costs, she mentioned that the EU was negotiating with Norway, which presently provides extra fuel to the bloc than Russia.

She mentioned they’d began “to debate how we are able to have a standard strategy to steady, decrease fuel costs”.

However she additionally famous that “final however not least the massive reform of the electrical energy market is the subsequent step to return” to decouple the value of fuel from the value of electrical energy within the EU.