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the different European proposals to achieve it

News · March 24, 2022 · 0 Comment

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The European Council meets again this Friday with a topic on the table: energy price regulation. The Spanish President, Pedro Sanchezhas been on a tour of several countries with the aim of adding support to his proposal for delink the price of gas from that of electricity. This Thursday, at the entrance to the first meeting of the Twenty-seven, he asked that at least the “particularity” of the Iberian Peninsula be taken into account, such as “energy island“, with the intention that Spain and Portugal can take specific measures.

In the World Table of the informative 24 hours, we press the intentions of France, Italy, UK and Germany with correspondents Antonio Delgado (Paris), jordi barcia (Rome), Sarah Alonso (London) and Beatrice Dominguez (Berlin), about their position and intentions.

France and Italy, on the Spanish side; Germany is reluctant to intervene

The intention of France is to establish a cap on the wholesale price of gas, that is, “the amount that the Member States of the Union pay for gas,” says Antonio Delgado, RNE correspondent in Paris. As the idea does not seem to have caught on at all among the rest of the countries, France does not oppose the Spanish option of separating gas from other sources when calculating the electricity bill. “Many times, in the negotiations in Brussels, the devil is in the details,” says Delgado.

Germany has always been reluctant to intervene in the energy market. It has opted more for specific changes and at a national level. It is on the other side of the scale of Spain. In the meeting between Scholz and Sánchez, the German chancellor was very clear in reasoning that the European Council meeting was a summit where “the strategies of each country would be exchanged”.

Italian Prime Minister Mario Draghi has asked the European Commission for ambitious decisions that can be put in place quickly. In this regard, after his meeting with the Prime Minister of the Netherlands, Mark Ruttehas announced that “the gas market is malfunctioning” and that “the prices are very speculative“.


The measures already implemented in various European countries

In France there have already been different measures: discount of 15 cents per liter for all consumers; of 35 in the case of the fishing sector. In addition, it has granted a check to companies whose energy expenditure is at least 3% of their budget. To these, it will subsidize half of their energy cost.

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There is also a long-term strategic fund measure. Macron makes this measure coincide with the crisis “because that’s how he arms himself with reasons,” explains Antonio Delgado. “It is the commitment to nuclear energy,” he adds. “Between atom and renewablesFrance can become the first country in the European Union to completely dispense with hydrocarbons“, he argues.

In Germanythe package of measures includes a single subsidy of 300 euros per worker. 100 euros per child are also paid to families and 100 euros to beneficiaries of social assistance. One has been thought of bonus of 30 cents per liter for gasoline and 14 for liters of diesel. To encourage the use of public transport, Germany will offer a “ticket for nine euros a month for ninety days”, as explained in 24 hours Beatriz Domínguez, correspondent in Germany for RNE.

In Italythe main measure that has been taken is the reduction of fuels in 25 cents per liter until the end of April. What is striking about this measure is that “the funds to implement it will come from a tax on extraordinary profits of energy companies“, explains Jordi Barcia, RNE correspondent in Italy.

The United Kingdom it is more independent of Russia from the energy point of view. In oil, it only depends on Russia for 8% of the crude it imports and it is given until the end of the year to disconnect completely. In gas, the dependency is 4%. The crisis of raw materials does affect and inflation is the highest in thirty years.

It is expected that next week Boris Johnson presents his strategy and it is believed that it will boost wind power. He has also held meetings with the nuclear industry. There has been talk of the possibility of returning to fracking or of delay the closure of coal plants.

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George Holan

George Holan is chief editor at Plainsmen Post and has articles published in many notable publications in the last decade.

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