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Parliamentary question - E-000050/2022(ASW)Parliamentary question

Answer given by Ms Simson on behalf of the European Commission

The impact of rising prices is at the top of the EU’s agenda. Rising and volatile energy prices in the EU are due to factors beyond its immediate control: a global surge of gas demand driven by the economic recovery after the COVID-19 pandemic, combined with relatively insufficient gas production and more recently with geopolitical tensions and uncertainties about supplies of natural gas to Europe.

This crisis has proven that the green transition is the only way forward for the EU, as it helps reduce its dependence on imported fossil fuels.

Market expectations point towards relatively high and volatile prices during 2022. In October 2021, the Commission presented a communication[1] with a toolbox of measures to tackle this challenge, including measures that can be enacted immediately to minimise the impact on both households and businesses.

This toolbox also includes medium and long-term measures, including measures to improve energy efficiency and facilitate the deployment of renewables and measures to increase the EU’s resilience for the future.

In December 2021, the Commission presented a set of measures[2] under the Fit for 55 package, including legislative provisions to improve the use of gas storage capacities, improve gas storage coordination among Member States and setting a framework for voluntary joint purchase of gas reserves.

The Commission thanks the Honourable Member for his questions, but due to the large number of different topics raised and the length limitations for replies, the Commission cannot reply to all in detail.

Last updated: 24 February 2022
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