High energy prices in recent months have drawn attention from the European Commission, highlighting the importance of energy securitythen, especially in times when global markets are volatile. Spot natural gas prices trading in the Netherlands soared this week near to record highs seen in October. Electricity prices have surged across Europe.
“Rising gas prices push up the cost of electricity in EU2021,” European Commission Ursula von der Leyen wrote in a tweet on December 16 “Almost all EU Member State have taken measures to shield the most vulnerable peoples outbreak, as recommended by EU Commission. This week, we presented proposals make our energy system more robust as well as more sustainable.”
The EU Commission proposed on December 15 to improve the resilience of the gas system and strengthen the existing security of supply provisions, as promised in the Communication and Toolbox on Energy Prices of October 13, and as requested by EU Member States.
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