High gas prices have been followed by disruptions in the nuclear and hydroelectric sectors amid a heatwave blamed on climate change - threatening businesses and households with massive bills.
"My impression is, I think our common impression is, that this will now succeed more quickly across Europe than under other framework conditions," he said. The European Commission has yet to publish a detailed plan for market reform, but some member states have been pushing for a temporary cap on wholesale gas prices.
The move comes as the 27-nation bloc is trying to shed dependence on supplies of Russian oil and gas following Moscow's assault on Ukraine. "A year ago, there were only a few countries in favour of these measures - and some that were very sceptical of a change in the architecture of the electricity market. That's changing. Today we have proposals that are beginning to be on the table," he said.The European Commission is planning to cut EU dependency on Russian gas by two-thirds this year and end its reliance on Russian supplies of the fuel before 2030.
Germany said yesterday that is was replenishing its gas stocks more quickly than expected and should meet an October target early.
MaireadMauraNi Absolute horrendous ineptitude from our Government and their cohorts have Ireland in this situation, no foresight, no positive forward planning worth a dam, Ireland needs a complete clearance of Leinster House ASAP. Our elected officials have literally sold off the family silver.
Time for Ireland to go nuclear
Before the public can we ask shops, cie etc to turn off their useless lights at night? It's still feels like Christmas in most part of Dublin
This will be the excuse for the next 3 months. We can't do anything unless it's a joint EU initiative... Hello, Portugal nad Spain
MichealMartinTD EamonRyan We were told to turn off coal/peat/nuclear/efficient/cheap power generation, sanctioned OURSELVES off from cheap Rus Gas, plugged in useless windmills and expected.... what ? All to save 0.0004% of a necessary carbon element ? Us dead = happy cnuts
Stop blaming Russia and Ukraine for the energy prices it has nothing to do with it. Fauci told us 2 years ago it would be a dark winter and that was before the war even started
That’s all yell do and come from the meeting and say we could do nothing about it its the war and go home laughing at the people because you know and the energy companies know good old paddy will pay it
good job EU
A bit late in the day
Please provide research for this comment 'soared since Russia invading Ukraine'
No, Ireland should control its own country, not unelected people in a different country
Shoor we hev deh weendmills, lehhds! Relax! 🥶🥶🥶
Do they have a choice?
Start with firing our regulator because they're not doing their Job them see how many tds ministers has shares in electricity and gas companies and who are profiting during the price hikes .
Yeah buy electric car they said, you’ll be grand they said
🤣🤣🤣🤣
We need the EU to save us from the EU. This is all going to go horribly wrong.
Perhaps the next time u promote the jab in pregnant women u might want to show them this.l
Russian bots all down here in the comment section. ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
About time.
Like irelands regulators
gas around the UK private corps profit from them UK arm of Gazprom rebrands Gazprom Marketing Trading Retail trading as Gazprom Energy is now called SEFE Energy German Government has taken over the British arm of Russian state-owned so we Germany for gas
Let’s hope they reel the profits of the energy companies in. FFG wouldn’t do that.But the EU might.Another advantage of EU membership
After the horse has bolted, don’t worry though we’re in the capable hands now of a Woman Commissioner aren’t Gender Quotas Brilliant, who needs talent?!
Read: due to our own decisions we are in this situation but worry not. We already have a solution 😉
Stop using Russia as an excuse for greed.
See there sanctions back fired . Hurting there own people it's a joke
'Energy ministers from EU member states will hold urgent talks in Brussels on 9 September' Urgent indeed, hence next month, September 9th!
Only if you get endless boosters and sign your country up to digital id’s and cashless society’s….
Create and emergency then introduce emergency measures. Repeat.
If the Irish government really cared out the Irish people which is seriously in doubt they would immediately abolish the levy and the vat.on energy. The higher the prices go the more Vax you pay. The other anomaly is standing charges. Can anyone explain what they are about.
Wait… weren’t their talk of power blackouts & increased energy prices in Ireland back in December 2021 last year? Before any Russia/Ukraine story 🙄
Russia's liberation of the Donbas region had nothing to do ' soaring energy prices 'but a combination of counterproductive sanctions and stupid energy policies which will result in exorbitant energy costs and blackouts this winter. Remember you voted for these nincompoops.
I hope Emergency action = no more Net Zero nonsense
The total failure of Europe's energy policy risks the collapse of the European Union
Yeah sure, everythings Russia's fault, nothing to do with private companies and increased profits every year
Need to break price link between gas generated power & renewable power. Wind is free so why charge the same as gas.
Prices been increasing long before any war in Ukraine 🇺🇦
Nationalise energy supply at EU level and provide it at cost price - as a public service, take out the huge gouging energy companies
They have sat and allowed supply companies rip off citizens for 2 years and said it was the EU open free markets and suck it up
Standby for Ireland as a nation to be subsiding Germany for their foolishness in trusting in Putin. That’s Ursula’s plan. She maybe Leader of EU but she’s still German through & through.
Sandybbfan Why scotland will be back.
The weird thing is Europe has continued to buy the selfsame gas from the Russkies, but the price has doubled
Need to do something with the market.. ...It's all speculation driving the price to insane levels...There is not 20 times more demand or 20 times less supply
Prices rising for 2 years, they’ve left it long enough 🧐😉
This narrative is misleading pretending that the rising cost of energy is the fault of Russia.
Superb, next do the banking sector and make a European sector and drag Ireland into having a functioning services sector
Now there’s another mess in the making
Putin holds all the cards. EU is going to have a very cold winter.
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