Brussels, 7 March 2022 – Unrestrained gas stroke, while the EU seeks countermeasures. New record for futures in Amsterdam, benchmark for the price of gas in the Old Continent, due to the tensions for the war in Ukraine. The price of methane it rose by 18% today, closing for the first time above 200 euros per megawatt hour, at 227.2 euros. At the start of trading, gas had recorded a maximum rise of 79% and a intraday all-time high of 345 euros.
The European Commission will present its proposals tomorrow to secure itself energy independence from Russian gas without jeopardizing the European Green Deal. THE three pillars the President of the Commission, Ursula von der Leyen, announced the new strategy in a press point with the Prime Minister, Mario Draghi. The first pillar is “the diversification of supplyshifting the source from Russia to reliable suppliers “. These are mainly LNG and gas transported by pipeline, both of which have the advantage of relying on an infrastructure that will be compatible with hydrogen in due course. The second pillar is” the re-empowering production in the European Union“. Repowering means massive investments in renewable energies such as wind, solar and hydrogen power, explained von der Leyen. The intent is to impress. an acceleration aimed at the European Green dealin an important boost that benefits not only the strategic investment in the energy independence of the Union, but also the industrial sector and the planet.
The two components, or pillars, must be integrated by a third: “the improvement of energy efficiencyfrom the renovation of buildings to intelligent industrial processes up to artificial intelligence, for the effective management of intelligent energy grids “among the many applications. Obviously, much attention will be devoted to consumer protection and how to limit the price flare. “We will discuss how we can maintain the efficiency of the electricity market in the Union despite the high gas prices, amplified by Putin’s war,” announced von der Leyen.
“The question has two aspects: in the immediate future it is necessary to protect the most vulnerable consumers and businesses; on a more structural level, we need to examine the electricity markets in the Union, given that our energy mix is undergoing transformation, “he added. “Today we use renewable sources in a certain percentage, but a large share of energy comes from gas, oil and coal. All this will change. Thanks to massive investments in renewable energies, their share in the mix will increase and will continue to rise. we will massively increase the presence and this, obviously, will change the very structure of the market, of which we must therefore examine the composition “, highlighted the president of the Commission, opening to the request of various European countries.
Petrol price, breaks through 2 euros even in the self-service. Fuel to the stars