In fact, gas prices in Europe are going to be capped. This is what the European commissioner in charge of the internal market, Thierry Breton, said on the set of FranceInfo this Friday morning. For several months now, the French government, along with other European Union countries, has been advocating for this measure while energy prices are skyrocketing as a result of the war in Ukraine.
Develop group purchases.
In the wake of this persistent problem, Thierry Breton was asked about the European prospects for gas reserves for the winter of 2023-2024 a fortnight after the International Agency for Foreign Affairs (IEA) raised concerns. “This year we are not going to run out of gasoline, we are going to live this winter but we have to prepare for next winter to be able to fill the tanks and it will start in the spring,” he hammered.
To do this, the European commissioner in charge of the internal market expects group purchases to multiply while a dedicated platform is now open but still very little used. “We must buy more together and encourage Member States to work together because they have tended to do things a bit in their corner,” he lamented.
“Reciprocity with the American IRA”
Due to his role at the supranational level, Thierry Breton was obviously questioned about the position of the EU regarding the risk of distortion of competition generated by the Inflation Reduction Act (IRA). As a reminder, this is an American system that provides an endowment of 360 billion dollars to attract environmentally virtuous business projects to its soil.
The underlying objective of these negotiations is to allow Member States to speed up their energy transition without endangering their productive fabric. “We are undergoing a transformation with the green transition and our goal to decarbonise all our energy consumption by 2035, he stressed. We must completely reverse things: increase our electricity production from renewable sources, strengthen the interconnection of European countries to exchange electricity and manage the green management. Energy will cost more, so we also need to reduce our energy consumption very significantly at the same time.”
Source: BFM TV
