The situation serves as a painful reminder that energy security — including access to affordable supplies — is essential
On Friday, European Union energy ministers gathered to develop a plan and ensure adequate supplies this winter and buffer consumers from spiralling bills.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
, scrambling to build a plan for the coming months, with some musing about placing price caps on imported gas. Formal plans are expected next week.A woman climbs stairs next to European flags flying at half-mast during a meeting of EU energy ministers to find solutions to rising energy prices at the EU headquarters in Brussels on Septembre 9, 2022.Consultancy Rystad Energy noted August power prices were at all-time highs in Europe and “are not expected to ease without government intervention.
As some countries seek to secure LNG supplies for the upcoming winter months, they’re also emphasizing investments in clean energy and the transition away from fossil fuels. Higher prices are battering consumers, although Maçães believes European countries have the budget capacity and willingness to help families and households.Article content
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