The EU Energy Commissioner suggested that businesses 'can be given relief through state aid or by facilitating longer-term power purchase agreements.'
She said businesses"can be given relief through state aid or by facilitating longer-term power purchase agreements."The European Union is urging members to give relief funds to customers amid rising energy prices. Above, EU Energy Commissioner Kadri Simson delivers a speech at the European Parliament in Strasbourg, eastern France, on October 6, 2021.
The 27-country EU imports about 90 percent of its natural gas needs, compared to the U.S., which produces its own and where prices are lower. Italy is among them. At an EU summit in Slovenia on Wednesday, Italian Premier Mario Draghi said the idea of pooling resources in the way countries bought COVID-19 vaccines together"is very positive, not to find ourselves completely unprepared for spikes in energy prices."
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