Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

EU backs one emergency energy plan. Now for the next one

EU backs one emergency energy plan. Now for the next one

The message from this week’s EU energy ministers’ crisis summit? Get used to EU energy ministers holding crisis summits.

The energy emergency gripping Europe will be a long haul — and next winter could be even worse.

Ministers meeting in Brussels on Friday secured a deal on the bloc’s latest package of relief measures. It's one they hope will help to protect households and businesses from cripplingly high energy bills and the specter of power outages this winter caused by Vladimir Putin’s war on Ukraine and his squeeze on Europe’s gas supply.

By any previous standards, the plans are radical. But the European energy emergency has made what was once unthinkable, unavoidable.

Countries will ration electricity by 5 percent at peak hours this winter, on top of previous commitments to bring down gas usage. They also signed up to tax energy company windfall profits to the tune of €140 billion. This will be spent supporting households and businesses over the winter.

Before the ink was dry on the agreement, the discussion among ministers immediately shifted to how much further the bloc needs to go.

“We need to do more,” Energy Commissioner Kadri Simson said after the summit — already the third emergency meeting since July.

She pledged that a new “EU-level market intervention” to curb gas prices would be part of the next set of measures. Precisely what form that will take is now subject to an increasingly fraught debate within the bloc. It is an argument that looks set to drag, even as the nights lengthen and temperatures fall.

Before Friday’s meeting, a group of 15 countries had written to the Commission calling for "EU-level market intervention" in the form a bloc-wide cap on the price of all imported gas. They were left frustrated by the response: an informal policy note that left no room for a meaningful progress on the issue at Friday's summit.

Simson said that the Commission would work with countries ahead of next week’s informal EU leaders' summit in Prague to “develop” ideas of what the next intervention should look like. Possibilities including an EU-wide limit on the price of gas used for generating electricity; negotiations on lower prices with friendly country gas suppliers like Norway and Algeria; and capping the price of gas imports from Russia alone.

Jozef Síkela, the Czech Republic’s industry and trade minister, who chaired the summit, said he was ready to call "as many extraordinary councils as are needed in order to implement the necessary legislative acts as soon as possible.”

The next interventions in the gas market must, he said, “decrease the price of gas without motivating too high consumption. There is still a threat that there won’t be enough gas this or next winter.”

After this week’s sometimes fractious discussions over the price cap, another key priority will be to maintain EU unity.

Some countries pushing for a bloc-wide cap on gas imports were taken aback when Germany, which is resisting the measure, announced on Thursday a huge €200 billion package to shield its own households and businesses from rising gas prices.

“Just Germany can afford such a thing,” said one EU diplomat. Italy went public with its concerns.

Síkela, seemingly reading the mood among countries, pointedly highlighted the importance of unity in comments ahead of Friday’s summit.

“I expect unity and solidarity,” he said, when asked about countries such as Germany. “We are in a war and the decisive battle will be this winter. We need to stay united and we need a high level of solidarity.”

Whatever drastic measures come next, everyone should buckle up for the long haul, said one Commission official.

"The gas price cap discussion is being presented by some member states as a silver bullet,” the official said. "There is no single solution … this will not be over soon. Nor will it be easy."

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
United Nations Calls for Global Action Against Disinformation and Hate Speech Online
Tucker Carlson warns of an inevitable clash in Western societies over mass migration
OpenAI CEO Sam Altman praises the rapid progress of Chinese tech companies.
Poland's President Karol Nawrocki ENDS support for Ukrainian citizens:
Italy's PM Giorgia Meloni highlights record employment and economic growth
Chancellor Friedrich Merz Re-elected as CDU Leader, Opposes AfD Influence
Trump Directs Government to Release UFO and Alien Information
Trump Signs Global 10% Tariffs on Imports
UK Government Considers Law to Remove Prince Andrew from Royal Line of Succession
Two teens arrested in France for alleged terror plot.
US Supreme Court Voids Trump’s Emergency Tariff Plan, Reshaping Trade Power and Fiscal Risk
Greek Prime Minister Kyriakos Mitsotakis advocates for a ban on minors using social media.
Meanwhile in Time Square, NYC One of the most famous landmarks
Jensen Huang just told the story of how Elon Musk became NVIDIA’s very first customer for their powerful AI supercomputer
Former British Prince Andrew Arrested on Suspicion of Misconduct in Public Office
Former President Yoon Suk Yeol Sentenced to Life in Prison for Abuse of Authority
Unitree Robotics founder Wang Xingxing showcases future robot deployment during Spring Festival Gala.
German Chancellor Friedrich Merz calls for real name use on social media.
Italian Police Arrest Man After Alleged Attempt to Abduct Toddler at Bergamo Supermarket, Child Hospitalised With Fractured Femur
British Tourist Arrested at Hong Kong Airport After Meltdown and Vandalism
European Commission Plans Purchase Incentives Limited to Vehicles Manufactured Largely in the EU
French District of Pas-de-Calais Introduces Immediate License Suspension for Drivers Using Mobile Phones
Volkswagen Targets €60 Billion in Cost Reductions as Sales Decline and Global Pressures Intensify
Eighty-Year-Old Lottery Winner Sentenced to 16.5 Years for Drug Trafficking
Rubio Calls for Sweeping U.N. Reform, Saying It Has Failed to End Wars in Gaza and Ukraine
10,000 Condoms Distributed at Winter Olympics 2026 Athlete Village Depleted Within 72 Hours
Poland's President Advocates for Evaluating Independent Nuclear Weapons Development
Mayor of Serdobsk in Russia’s Penza Region Resigns After Housing Certificates Granted to Migrant Family Trigger Public Outcry
China’s EV Makers Face Mandatory Return to Physical Buttons and Door Handles in Driver-Distraction Safety Overhaul
UK Green Party Considering Proposal to Legalize Heroin for an Inclusive Society
OpenAI and DeepCent Superintelligence Race: Artificial General Intelligence and AI Agents as a National Security Arms Race
We will protect them from the digital Wild West.’ Another country will ban social media for under-16s
Heineken announces cut of 6,000 jobs due to declining beer demand
Apple iPhone Lockdown Mode blocks FBI data access in journalist device seizure
Belgium: Man Charged with Rape After Faking Payment to Sex Worker
KPMG Urges Auditor to Relay AI Cost Savings
Canada Opens First Consulate in Greenland Amid Rising Geopolitical Tensions
China unveils plans for a 'Death Star' capable of launching missile strikes from space
Investigation Launched at Winter Olympics Over Ski Jumpers Injecting Hyaluronic Acid
U.S. State Department Issues Urgent Travel Warning for Citizens to Leave Iran Immediately
Wall Street Erases All Gains of 2026; Bitcoin Plummets 14% to $63,000
Eighty-one-year-old man in the United States fatally shoots Uber driver after scam threat
Political Censorship: French Prosecutors Raid Musk’s X Offices in Paris
AI Invented “Hot Springs” — Tourists Arrived and Were Shocked
France Begins Phasing Out Zoom and Microsoft Teams to Advance Digital Sovereignty
Tech Market Shifts and AI Investment Surge Drive Global Innovation and Layoffs
Global Shifts in War, Trade, Energy and Security Mark Major International Developments
Markets Jolt as AI Spending, US Policy Shifts, and Global Security Moves Drive New Volatility
Tesla Ends Model S and X Production and Sends $2 Billion to xAI as 2025 Revenue Declines
Starmer Signals UK Push for a More ‘Sophisticated’ Relationship With China in Talks With Xi
×