The Commission states that it is ready to “urgently assess” the compatibility of the temporary interim measures in the electricity market which the Member States decide to implement. marathon Summit.
“In the current context of very high electricity prices, the Commission is ready to make an urgent assessment of the compatibility of temporary interim measures in the energy market notified by the Member States, inter alia, on mitigating the effects of fossil fuel prices on electricity generation, in accordance with the provisions of the Treaties and Regulation 2019/943 “, the text of the conclusions states.
See the full text of the conclusions here
In assessing this compatibility, the Commission will also ensure, through an expedited procedure, that the following conditions are met:
– The measures to be taken by the Member States reduce the spot prices of the electricity market for businesses and consumers and do not affect the terms of trade to a degree contrary to the common interest.
This evaluation will take into account the temporary nature of the measures and the level of interconnection with the European single electricity market.
At the same time, it notes that the European Union will gradually phase out its dependence on Russian gas, oil and coal imports as soon as possible, as set out in the Versailles Declaration.
“The Council looks forward to the comprehensive and ambitious plan, which will be drawn up in close coordination with the Member States, which the Commission will present by the end of May 2022. The national treaties and the energy mix of the Member States will be taken into account. into account “, he underlines.
As he notes, consistently high energy prices are having an increasingly negative impact on citizens and businesses, which is further exacerbated by the Russian military offensive against Ukraine. In this context, the European Council discussed how to provide further relief to most
vulnerable consumers and how to support European businesses in the short term.
The European Council:
(a) Calls on the Member States and the Commission to continue to make the best use of the toolkit, including the new temporary state aid crisis framework. As the Commission suggests, temporary taxation or regulatory interventions on unexpected profits may be helpful.
(b) instructs the Council and the Commission, as a matter of urgency, to contact the energy stakeholders, and to discuss, if and how, the short-term options as presented by the Commission individual aid “, state aid, taxation (excise duties and VAT), price ceilings, regulatory measures such as contracts for disputes) that will help reduce the price of gas and address its effects on national treaties.
At the same time, the leaders of the member states of the European Union today called on Russia to fully respect its obligations under international law and to comply with the recent order of the international court according to which it called on Russia to withdraw from Ukraine.
“Russia’s aggressive war against Ukraine blatantly violates international law and causes enormous loss of life and injury to civilians,” the 27-nation EU leaders said in a joint statement.
“Russia is targeting civilians and targeting civilian facilities and infrastructure, including hospitals, medical facilities, schools and shelters. “These war crimes must stop immediately.”
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