Brussels wants to redistribute 142 billion to users

by time news
“Russia continues to actively manipulate our energy market,” declared Ursula von der Leyen, President of the European Commission, on September 14 in her State of the Union address. YVES HERMAN/REUTERS

The aim is to reach an agreement between the Member States on September 30, at the next meeting of European energy ministers.

Correspondent in Brussels

The European Commission on Wednesday gave details of emergency measures to bring down gas and electricity prices in the EU. The ball is now in the Member States’ court. The aim is to reach an agreement on September 30, at the next meeting of European energy ministers. “Not everyone needs help paying their bills, but those who need it, and that is millions and millions of Europeans, need it urgentlysaid Commission Vice-President Frans Timmermans. A qualified majority vote is required, i.e. 15 Member States representing at least 65% of the European population. If the Commission’s estimates are correct, these measures would allow Member States to redistribute some €142 billion to households and businesses most vulnerable to soaring energy prices. The clues on gas price caps will come…

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