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the agreement

Dear energy, towards the EU agreement: fewer peak hours for cutting electricity

Diplomatic work on the new EU shield continues

24 settembre 2022
Caro energia, verso l’intesa Ue (foto simbolo Ansa)

Cut in electricity consumption by 10% , of which 5% during peak hours; a ceiling of € 180 per megawatt hour on the inframarginal revenues of companies that produce electricity with renewables; solidarity contribution paid by oil & gas.

These are the main contents of the package announced by the President of the Commission , Ursula von der Leyen, and which will be discussed during the new extraordinary meeting of the energy ministers scheduled for next Friday in Brussels .

The mandatory 10% cut in consumption should no longer be calculated on a monthly basis, as proposed by Brussels, but over the entire period "between 1 December 2022 and 31 March 2023" . The same goes for the hours of peak prices , which must correspond overall to at least 10% of all the hours of the same period and not just one month. Member States can also decide to "focus on a different percentage of peak hours, provided that at least 7% is covered", as requested by governments, of those hours and provided that the reduction in consumption - again in those hours - is at least unchanged, ie 5% overall.

Flexibility also on the tax base for the solidarity contribution requested from the companies that work with fossil fuels. For capitals it should be calculated on the basis of 4-year profits starting from 2018, against the 2019-2021 period proposed by Brussels.

As for the price cap , so desired by the Draghi government, among the circulating hypotheses there is one that Ursula von der Leyen had indirectly mentioned: price caps to be agreed directly with suppliers.

(Unioneonline / D)

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