THE Europe needs to impose a ceiling on prices of Russian natural gas imported through pipelines, the president of the European Union Commission said today, Ursula von der Leyenin order for the EU to cancel what it said were Russian President Vladimir Putin’s attempts to manipulate the European energy market.
He also called for measures to take away some of the windfall profits electricity providers have made since the energy crisis, using the money to support vulnerable citizens and businesses.
“I firmly believe that the time has come to impose a ceiling on Russian natural gas that is being piped into Europe,” von der Leyen told reporters on the sidelines of a meeting of conservative German lawmakers in the city of Murnau.
“A ceiling on the price can be proposed at the European level, and there is also a legal basis at the European level to remove profits temporarily as an emergency measure in a time of crisis,” he added.
The meeting on September 9
EU energy ministers will meet on September 9 to discuss how to respond to the price spike.
On September 14, von der Leyen will present the main points of the Commission’s proposals for EU-wide emergency measures to tackle the price spike, a senior Commission official said on Thursday.
“In recent weeks and months, we have been working hard at the European level to respond to this (Putin’s) manipulation,” von der Leyen told Murnau.
“We have agreed on joint (gas) storage and have reached an average tank filling level of 80% to date, two months earlier than expected,” he said, noting that Norway now supplies more gas to the EU than ,what Russia.
“But all this is not enough: we see that the electricity market no longer works because it has been massively disrupted due to Putin’s manipulation,” von der Leyen said, adding that Russia is now choosing to burn gas rather than deliver the volumes predicted by contracts in Europe.