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EC Proposal Council Regulation

Gassen Markt, Prijzen en tarieven18 oktober 2022Matthieu van den Beld

Proposal for a Counsil regulation enhancing solidarity through better coordination of gas purchases, exchanges of gas across borders and reliable price benchmarks.

Russia’s unprovoked war of aggression against Ukraine and its weaponization of energy supplies has exposed the Union’s dependency on Russian fossil fuels, tested our tools to ensure security of supply, and driven energy prices to unprecedented levels. Over the last year, the Commission has put forward and implemented several initiatives, gradually moving from providing guidance to Member States to setting up an integrated security of supplystrategy, underpinned by legal instruments where necessary.This included, most recently, the emergency intervention to address high energy prices, featuring for instance a coordinated reduction of electricity demand (notably in peakhours), an improved Member States toolbox to protect consumers and companies from high energy prices, and a solidarity contribution for the fossil sector.

Following the “REPowerEU” Communication, the Commission and Member States have asked for the creation of an EU Energy Platform,3with a view to ensuring security of supply. This Platform should support, in a spirit of solidarity, Member States and Energy Community Contracting Parties and their gas undertakings in obtaining additional supplies of LNG and pipeline gas to replace missing Russian gas supplies.