Supplies needed – Gewessler against price caps on Russian gas

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The Austrian Ministry of Energy has rejected EU Commission President Ursula von der Leyen’s proposal for a possible price cap on Russian natural gas. It is mainly about sanctions and not about energy policy, according to a broadcast on Thursday. Austria is still dependent on the Russian gas supply.

The proposal from the Brussels government is one of five proposals that the energy ministers want to discuss in Brussels on Friday. The EU Commission has not yet submitted any legal texts, Member States such as Germany and the Czech Republic have already expressed reservations about the plan.

The Austrian government followed suit on Thursday and said it could not agree to the proposal for a possible price cap for Russian gas imports “from today’s perspective”. “As painful as it is, we are still dependent on Russia’s gas supply,” the Energy Ministry said in a broadcast on Thursday.

Gewessler wants to reduce electricity demand
In any case, Energy Minister Leonore Gewessler (Greens) spoke out in favor of unity between the EU countries. “The Russian price increase in our electricity markets must end. We must provide a joint answer to this – only then will we succeed.” The first proposals from the European Commission are a step in the “right direction”. At Friday’s meeting, Gewessler wants to argue for price reduction through “smart measures to electricity”. This can be done, for example, through auctions. Above all, companies with high energy consumption should reduce their power consumption at peak times.

In addition, according to Gewessler, the pricing on the electricity exchange must be revised “so that a high gas price does not immediately push up the electricity price”. Regarding the European Commission’s proposal that energy companies with accidental profits should give up some of it, the energy minister said “funds to support people and businesses in Europe” would still be needed.

Source: Krone

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