Crisis stop in the Chancellery: Chancellor Karl Nehammer (ÖVP) claims the EU is making progress on the issue of the separation of electricity and gas prices. The summit, which starts at 7 p.m., focuses on the brake on the electricity price and the excess profit tax. Results may not be presented after the deliberation.
“You have to decouple the electricity price from the gas price and it has to get back to the real cost of generation,” Nehammer said in a written statement ahead of the energy summit. One should not let Putin decide the European electricity price every day. Nehammer is committed to finding a sustainable solution model that can be implemented quickly and will continue to talk with his colleagues in the Council of Heads of Government at EU level in the coming hours and days.
From the government side, Nehammer, Finance Minister Magnus Brunner and Economic Affairs Minister Martin Kocher (both ÖVP), as well as Environment Minister Leonore Gewessler (Greens) and the two club leaders August Wöginger (ÖVP) and Sigrid Maurer (Greens) will participate in the meeting. in the Federal Chancellery. Verbund boss Michael Strugl, E-Control board member Wolfgang Urbantschitsch and Wien-Energie boss Michael Strebl have been invited to represent the energy sector.
Will the merit order system be reformed?
In Germany, the debate is already in full swing. Finance Minister Christian Lindner (FDP) calls for more speed in the reform of the electricity market. Minister of Economic Affairs Robert Habeck (Greens) also wants to keep prices in check with a reform of the electricity market.
The reason why the price of electricity is rising – whether it comes from renewable energy or not – is the so-called merit order system. Until now, gas-fired power plants usually set the price in the electricity market, so the price of electricity automatically rises to astronomical heights with the gas price. However, the reform of this system is a medium-term project. In the short term, it would only be possible to control the price jumps with a Europe-wide electricity price ceiling.
If you are to believe the assessment of Chancellor Nehammer, who has had several telephone conversations with his German counterpart Olaf Scholz, there is movement in the complex matter. “Until now, some countries have expressed skepticism, but I think we can allay those concerns. Now something has to finally happen, this market is not going to regulate itself in its current form,” says Nehammer.
Power price brake will be presented next week
He argues for a European electricity price ceiling and decoupling the electricity price from the gas price. Gewessler would argue for this approach at a special meeting of EU energy ministers.
The e-business cannot heat up to too high a profit tax. She states that electricity is currently purchased at top prices. The Chamber of Labor and the ÖGB, on the other hand, demand a special tax. Your model provides 1.5 to 2.2 billion euros per year to finance anti-inflation measures.
Source: Krone
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