Explained: What EU ministers coud agree on to cut electricity prices

European Union ministers are on Friday gathering in Brussels for a rare assembly to agree on measures to alleviate the influence of the vitality disaster on households and companies.

The electrical energy market and its design are set to be on the coronary heart of discussions, not simply on Friday but additionally within the coming months, Suzanna Carp, an unbiased EU local weather coverage researcher, defined to Euronews.

It’s because the worth of electrical energy is ready within the 27-country bloc by the costliest vitality supply, which is fuel, the worth of which has skyrocketed over the previous yr.

One other subject ministers will debate is whether or not to levy a brief tax on non-gas vitality producers — renewables, nuclear, coal — a few of which have made outstanding income as their value of manufacturing has remained nicely beneath what they have been paid, ie the worth of fuel.

For the researcher, there may be trigger for optimism.

“I do assume that Europe will really make it via. We’re extremely resourceful. Our range is definitely our power,” she argued.

“And I feel we are literally due to this, have the ability to make use of the wide selection of options that we’ve got out there inside the European Union to beat the issue.”

Watch our interview with Suzanna Carp within the video participant above for extra particulars.