BRUSSELS – The European Fee will now begin engaged on making frequent power purchases with the intention to enable the European Union to get a greater grip on its power provides and on tackling power costs, French President Emmanuel Macron mentioned on Friday.
“We’ve seen some international locations going in the direction of different international locations to barter their very own contracts, that, and I instructed colleagues, it’s not one of the best ways as we're pushing costs up,” Macron instructed a information convention after an EU summit in Brussels.
“As we have to go in the direction of a European diversification, it’s far more pertinent that the discussions for brand new contracts like Norway, Qatar or the US, can negotiate en masse and quantity. It’s significantly better for us. “
Macron additionally mentioned there was a necessity to enhance the disconnection between the worth of electrical energy from the worth of fuel.
“This can be a begin as a result of the Fee till now wasn’t in a position to, secondly, there isn't a restrict (on the capability of purchases), thirdly it’s on a voluntary foundation for corporations that have already got contracts and fourthly there are two sorts of grouped purchases – put the present contracts to barter and consolidate after which new markets,” he mentioned.
Power costs have risen sharply within the wake of the navy battle between Russia and Ukraine.
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