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EU towards mandatory cut in electricity consumption

2022-09-12T15:02:27.365Z


The European Commission will propose a mandatory target of reducing electricity consumption during peak hours. This is what emerges from the draft regulation on the subject, which ANSA was able to consult. (HANDLE)


The European Commission will propose a mandatory target of reducing electricity consumption during peak hours.

This is what emerges from the draft regulation on the subject, which ANSA was able to consult.

According to the draft, the mandatory target would entail the selection of 3 or 4 hours per day of the week in which to reduce consumption, leaving the states a "margin of discretion" regarding the choice of times.

The draft also proposes a mandatory limit to the revenues of operators producing energy from renewable, nuclear and lignite, ie other than gas.

The limit will apply to revenues per megawatt hour of electricity produced.

The surplus revenues deriving from the application of the cap will have to be 'passed on' to citizens and businesses "exposed to high electricity prices", with the States deciding on the most suitable redistributive measures.

The draft also provides for the obligation to incentivize long-term purchase contracts, which serve to inject liquidity into the renewables market.

States will also be able to share the extra income and extend regulated prices to SMEs.

Finally, the draft reads,

Member States will be obliged to introduce an exceptional and temporary solidarity contribution for the fossil industry, "on the basis of the taxable profit realized in fiscal year 2022" and only in that year.

The proposals will pass via article 122, ie directly by the States, which will be able to amend and approve them by qualified majority.


Source: ansa

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