The European Commission (EC) announced on Tuesday its proposal to extend the EU’s energy emergency measures for one year, Interfax reports.
“Today the Commission proposed to the Council of the EU to extend a number of emergency measures for the European Union that were introduced last year to solve the energy crisis,” the EC said in a communiqué published in Brussels.
“While the EU is in a much better position this year and crisis management tools have proven effective in calming markets and ensuring stable supplies, an extension of another 12 months will provide additional reassurance as global energy markets remain tense,” the European Commission explains the initiative.
The EC recalls that these measures include a regulation that contains provisions on LNG market transparency and default rules for solidarity in case of shortages, a market correction mechanism and emergency rules related to the acceleration of permitting for renewable energy projects.
“Strengthening market resilience while accelerating the transition to clean energy and ensuring reliable energy supplies remains the commission’s top priority as the heating season has already begun in most parts of Europe,” the EC said.
It clarifies that the proposed extension now requires the approval of the EU Council by a qualified majority.
Source: Rosbalt
Mario Twitchell is an accomplished author and journalist, known for his insightful and thought-provoking writing on a wide range of topics including general and opinion. He currently works as a writer at 247 news agency, where he has established himself as a respected voice in the industry.
