Russia’s inhumane attacks on🇺🇦civilian infrastructure are continuing & millions of people are without heat & water. These attacks also have a significant impact on Moldova.
I'm glad minister @G_Galushchenko managed to join us virtually in #TTE & inform us of latest developments.
🐦🔗: https://nitter.eu/KadriSimson/status/1595818004276826113
We also discussed the #marketcorrectionmechanism.
The first discussion on our proposal showed that Member States are willing to work swiftly towards an agreement at another extraordinary #TTE Council in December.
🐦🔗: https://nitter.eu/KadriSimson/status/1595815529075429381
And fifth, we will accelerate the permitting process for technologies that can make a difference already this winter. For example, installing #solar☀️PV-s & heat pumps.
We are also establishing the principle that #renewableenergy projects are in overriding public interest. 5/5
🐦🔗: https://nitter.eu/KadriSimson/status/1595814989977247746
Third, we will develop circuit breakers for intra-day derivatives trading, to avoid excessive volatility & ease liquidity stress for energy utilities.
Fourth, to reinforce #EU #energy solidarity & make sure that in case we face emergency, no Member State will be left alone. 4/5
🐦🔗: https://nitter.eu/KadriSimson/status/1595814983010590720
Second, to give @EU_acer the task of developing a new LNG benchmark by the end of March.
The current most popular benchmark, #TTF, no longer reflects the situation on the EU gas market & a complimentary instrument is needed. 3/5
🐦🔗: https://nitter.eu/KadriSimson/status/1595814980213157888
First, for making joint purchases of gas a reality. We have a process in place that will allow us to pool our demand & buy 13.5bcm of gas together next year.
This prevents us from outbidding each other on the global market & helps to fill the storage. 2/5
🐦🔗: https://nitter.eu/KadriSimson/status/1595814976102584320
Today’s #TTE 🇪🇺 Energy Council was not an easy one. But we did have a clear political support for several key measures to tackle the ongoing #energy crisis.
The ministers reached political agreement on five crucial issues. 1/5
🐦🔗: https://nitter.eu/KadriSimson/status/1595814971753074688
Today we have another #TTE Council to discuss EU’s efforts to ensure #securityofsupply & address high gas prices.
I hope that the Member States will reach an agreement on joint purchases of gas, a new LNG benchmark, faster permitting & more. My doorstep👇
https://video.consilium.europa.eu/event/en/26282
🐦🔗: https://nitter.eu/KadriSimson/status/1595696675724660736
The 🇺🇦 minister told me that works are ongoing to restore external power supply at the sites.
Tomorrow we will have a #TTE Energy Council, where I can inform the #EU #energy ministers of the situation.
🐦🔗: https://nitter.eu/KadriSimson/status/1595504202289127426
I just had a phone call with @G_Galushchenko, Minister of Energy of 🇺🇦, who informed me of the Russian missile strikes on #Ukraine's energy infrastructure today.
I asked for more info about the situation at Ukraine NPP’s, that were disconnected from the grid due to the attacks.
🐦🔗: https://nitter.eu/KadriSimson/status/1595504198178770962
Russian missile strikes on #Ukraine's energy infrastructure have caused another massive power outage across #Moldova.
I just had a call with @AndreiSpinu, the deputy prime minister of 🇲🇩, to discuss the situation, our cooperation & other urgent issues.
🐦🔗: https://nitter.eu/KadriSimson/status/1595423235054751745
I thank the @europarl_en for a very good debate today on interconnections in our energy single market, high energy prices & the situation with #securityofsupply this Winter❄️
My full remarks from the debate👇
https://ec.europa.eu/commission/presscorner/detail/en/SPEECH_22_7110
🐦🔗: https://nitter.eu/KadriSimson/status/1595402319151104000
So far, the #EU🇪🇺 has replaced entirely the gas no longer delivered from Russia with LNG or additional pipeline gas from reliable suppliers.
Diversification, demand reduction, a common storage policy & our #RepowerEU actions are making a difference. But we need to stay vigilant.
🐦🔗: https://nitter.eu/KadriSimson/status/1595402314503913473
You can find out more about the market correction mechanism we presented here👇
https://ec.europa.eu/commission/presscorner/detail/en/ip_22_7065
It is not a silver bullet, but it provides us a powerful tool we can use when we need it!
🐦🔗: https://nitter.eu/KadriSimson/status/1595097730606862341
The proposed instrument consists of a safety price ceiling of €275 on the month-ahead #TTF derivatives.
The mechanism is carefully designed to be effective, while not jeopardising our #securityofsupply, the functioning of #EU #energy markets & financial stability.
🐦🔗: https://nitter.eu/KadriSimson/status/1595097728232689673
Today we propose a new instrument to limit excessive gas price spikes in the #EU!
Our market correction mechanism aims to reduce the volatility on European gas markets while also safeguarding the security of gas supply.
By doing so, we shield our people & businesses.
RT @EU_Commission: Today, we propose to put a ceiling on the TTF gas price to protect our people and businesses from extreme price hikes.
The new mechanism aims to…
🐦🔗: https://nitter.eu/KadriSimson/status/1595096663961616384
Insightful interview with @loekkegaard_mep on the next steps in the #EU energy sector.
We talked on the winter ahead, ending our dependency on Russian fossil fuels, accelerating the #greentransition & helping vulnerable consumers.
You can see it soon at @RenewEurope feed!
🐦🔗: https://nitter.eu/KadriSimson/status/1594996841267204098
On the eve of winter, the destruction of Ukraine's energy infrastructure is reaching a critical point.
We are working tirelessly to help sustain the electricity supply in 🇺🇦 with a new delivery of energy equipment and emergency aid via the #EUCivPro Mechanism.
🐦🔗: https://nitter.eu/EU_Commission/status/1594377028215652355
#COP27 marks a small step forward but much more is needed for the planet.
We have treated some of the symptoms but not cured the patient from its fever.
🐦🔗: https://nitter.eu/vonderleyen/status/1594269835365650432
RT @Energy4Europe: Strengthening the #competitiveness of the 🇪🇺 #cleanenergy sector will contribute to increase our technology sovereignty and to shape a more resilient, independent, secure and affordable #energysystem.
See more in the 2022 progress report ➡️ https://energy.ec.europa.eu/topics/research-and-technology/clean-energy-competitiveness_en#progress-reports-on-competitiveness-of-clean-energy-technologies
🐦🔗: https://nitter.eu/KadriSimson/status/1593968535872700416
Unofficial automated mirror. No copyright asserted. ∎ EU Commissioner for Energy. Former Estonian Minister of Economic Affairs and Infrastructure.