Just yesterday a preliminary – non-formal – proposal from the Commission was leaked. It proposes, among other things, to impose a European price ceiling on energy producers who generate electricity nuclear or renewable (wind or solar energy) and not with expensive gas.
That is because these producers surf on the high prices, which are internationally determined by the gas prices. Anything above that ceiling would be skimmed off and go to the Member States, which would then have to use that money to reduce citizens’ electricity bills. Parallel systems of excess profit taxes – which, among others, our government is considering – would then not be possible.
This is a preliminary proposal, a “non-paper” in the jargon. Since that paper was drafted, other options have been launched. In any case, European President Michel believes that it is now time for a “real” proposal from the Commission. He wants the first decisions to be made on the basis of such a proposal at the meeting of European energy ministers on 9 September.
You should certainly not wait until September 14, it sounds. That is the day that European Commission President Ursula von der Leyen will give her “State of the European Union” in the European Parliament, her policy statement for the coming political year. Von der Leyen has said this afternoon that she wants a price ceiling on Russian gas.