Commission to present further package of energy proposals on 18 October 2022

Article summary

The European Commissioner for Energy, Kadri Simson, has set out the Commission’s upcoming initiatives and proposals which are due to be presented on 18 October 2022 to further lower energy prices and secure the supply in the EU. The package will focus on four key areas—a temporary mechanism to limit gas prices, further measures to reduce the demand for gas, developing an arrangement that is directly applicable to Member States to ensure a joint approach on limiting prices, and advancing a proposal to facilitate joint gas purchases. The Commissioner also referenced the Commission’s work on improving the electricity market in the long-term, and that the main elements of this will be set out by the end of 2022.