Steps to get EU through energy crisis proposed
But plan for price cap on Russian gas seen meeting more resistance
European Commission President Ursula von der Leyen proposed on Wednesday five measures to tackle the energy crisis facing the European Union, though some members have already flagged their opposition to the more contentious proposals.
The measures include an EU-wide plan to cut electricity consumption, a price cap on the excess revenues made by producers of renewable and nuclear energy, a so-called solidarity contribution by fossil fuel companies from their massive profits, support for struggling utilities and a price cap on Russian gas-the latter among the most controversial.
Von der Leyen said that Russia's manipulation of the gas market has had spillover effects on the electricity market. "So there is, on the one hand, the Russian manipulation, but there are also other factors during this summer. We see the effects of climate change. We see the drought," she said.