Today, the @EU_Commission has proposed to prolong the EU’s emergency legislation on coordinated gas demand reduction for another year, beyond its expiry on 31 March 2023
🧵
RT @Energy4Europe: The European Commission has proposed to prolong the emergency legislation from July 2022 on the
15% #gasreduction ⚡️ measures
for another 12 months ➡️ https://energy.ec.europa.eu/news/preparing-next-winter-starts-now-commission-proposes-prolong-gas-demand-reduction-measures-2023-03-20_en
#REPowerEU #energysecurity #saveenergy
🐦🔗: https://n.respublicae.eu/TimMcPhieEU/status/1637776967645683714
Against the backdrop of a challenging global market, it is important that Europe prepares now for next winter.
Continued gas savings will help achieve EU gas storage refilling goals and keep supplies stable.
Lower and better managed demand can also reduce price volatility.
🐦🔗: https://n.respublicae.eu/TimMcPhieEU/status/1637776971668111366
Voluntary gas demand reduction was introduced last year under the Save Gas for a Safe Winter Plan, one of the key measures to tackle the energy crisis sparked by Russia’s invasion of Ukraine.
It contributed significantly to easing the pressure of Russian supply cuts.
🐦🔗: https://n.respublicae.eu/TimMcPhieEU/status/1637776975501590532
Thanks to voluntary contributions, gas demand across the EU dropped by more than 19% between August and January 2023, exceeding the 15% target and allowing Europe to save around 42 bcm of gas.
🐦🔗: https://n.respublicae.eu/TimMcPhieEU/status/1637776980279021570
The voluntary gas demand reduction target of 15% which has been agreed for 1 August 2022 to 31 March 2023 would be continued until March 2024 under today’s proposal
Member States would have to report every month, instead of every two. Reporting would now need to be per sector.
🐦🔗: https://n.respublicae.eu/TimMcPhieEU/status/1637776983462494210
The proposal, under Article 122 of the Treaty on the Functioning of the European Union, will be discussed by the EU’s Energy Ministers at the next Energy Council on March 28.
End of 🧵
🐦🔗: https://n.respublicae.eu/TimMcPhieEU/status/1637776986310361089