The new government does not want to risk the inflation of more than ten percent. The conflict in the Middle East speeds up energy reform: Chancellor Christian Stocker and Vice Chancellor Babler introduce a regulations for energy price. “Price interventions must be possible,” says Chancellor Christian Stocker.
War, the -the -fires and threats to close the street of important hormus. Around the war in Iran, at least for domestic politics, only one thing seems certain: the uncertain political situation is once again encouraging energy prices. However, the new government no longer wants to assist, but intervene. Here ÖVP Chancellor Christian Stocker and Spö Vice Chancellor Babler agree: “We need a crisism mechanism that protects Austria against high energy prices. Otherwise economic growth and social balance are in danger,” said Babler. And Christian Stocker (ÖVP) confirmed; “Price interventions must be possible, they are a conceivable tool for me”.
New government wants to learn from the old mistakes
Apparently the ÖVP also obtained the teachings from the past and takes a paradigm shift. Spö Vice-Kanselier Babler also wants the mistakes from the past, ie specifically that of the black and green government, is not repeated. As a reminder: when the gas prices rose after the aggressive war of Russia, the price increases were rushed. This not only taxes the Austrian Börserl, but also damages the business location and the competitiveness of Austria. There is also a passage in the government program that criticizes the merit orders system as the root of the price shocks.
That is why the Chancellor party is on board. “For inflation, energy prices are one of the biggest factors. Austria needs affordable and competitive prices. If there must be strong prices or even price shocks because of the current global situation of policy threats, we will intervene,” says Stocker.
In particular, a “energy crisism mechanism” will soon be determined. The coalition is already negotiating a short story from the Energy Industry Act. The goal is to ensure affordable and competitive prices for households and the economy. Electricity, gas and heat are influenced.
Source: Krone
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
