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Post by sevenofnine on Mar 14, 2023 11:22:36 GMT -5
Yeah get the point that EU going put price spikes on oil companies The European Commission on Tuesday proposed changes to EU electricity market rules. The goal of the change is to expand the use of long-term contracts to protect consumers from severe price spikes and to make energy bills "less dependent on volatile fossil fuel prices." Last year, energy prices in the bloc soared amid reduced oil and gas supplies from Russia. European Energy Commissioner Kadri Simson said: "Tight global supply and Russia's manipulation of our energy markets has left many consumers facing massive increases in their energy bills." Simon said the bloc would announce further steps on joint gas buying on Wednesday. She added that the bloc is preparing a proposal to cut gas use by 15% during winter months. www.dw.com/en/eu-proposes-energy-market-reforms-to-prevent-price-spikes/a-64977093
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