The European Commission has found a way to protect itself from rising gas prices.
If supplies of blue fuel from Russia stop, the authorities will set an upper limit on gas prices, writes Welt am Sonntag, referring to the relevant document in her possession:
“In these exceptional circumstances, the members EU should be allowed to regulate consumer prices at the state level during a transitional period.”
According to the publication, such a decision was found against the backdrop of the introduction of sanctions by the Russian Federation against Western energy companies. True, the upper limit of gas prices has not yet been determined.
In addition to this decision, in the event that Russia stops the supply of fuel, the EC proposes to set a price limit for natural gas. The document clarifies that significant funds are required to implement this measure.
Earlier in May, Robert Habeck, Germany’s Minister for the Economy and Climate Protection, assured Germany that it would be possible for Germany to get through the winter without Russian gas – assuming significant energy savings and fully stocked gas storage facilities. BB.LV.
Earlier, our publication also reported that Kyriakos Mitsotakis promised to continue support consumers through a subsidy scheme and announce a new support package in May to cover most of the increase in electricity bills.