Austria for electricity price caps in the EU


VIENNA (Reuters) – Austrian Chancellor Karl Nehammer said he was in favor on Sunday of capping electricity prices at European Union level.

“We must definitively stop the madness taking place on the energy markets. And this can only be possible thanks to a European solution”, he said in a press release issued by his services, adding that he wanted to convince the member countries which are obstructing.

As electricity prices continue to rise in connection with soaring gas prices due to the war in Ukraine, the conservative Austrian Chancellor believes that “the market will not regulate itself in its current form” .

“I call on all 27 member countries to unite to immediately stop this price explosion”, he adds, advocating a decoupling of gas and electricity prices, to bring them closer to their costs. of production.

“We cannot let (Russian President Vladimir) Putin determine the price of electricity in Europe every day,” said Karl Nehammer.

The Czech Republic, which holds the six-month presidency of the European Council, will propose holding an extraordinary meeting of energy ministers as soon as possible to discuss the soaring prices, the minister of energy said on Friday. ‘Industry, Jozef Sikela.

Austria, very dependent on Russian gas, for heating and industry in particular, got 80% of its gas from Moscow before Russia’s invasion of Ukraine in February, but most of its electricity is produced from renewable energies.

(Report Francois Murphy, French version Jean-Stéphane Brosse)


Source: Challenges en temps réel : accueil by www.challenges.fr.

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