EU to propose mandatory cuts in electricity consumption

EU to propose mandatory cuts in electricity consumption


The European Commission will propose to the 27 EU members two targets to reduce electricity demand: an objective regarding the reduction of general consumption and a mandatory objective regarding the reduction of demand during certain hours when a consumption peak is recorded.

These measures are aimed at providing Europe with enough fuel during the cold months.

EU gas storage facilities are currently 84% full, exceeding the EU’s pre-winter filling target. However, analysts say Europe will still need to cut gas use over winter to avoid storage facilities running dry.

BUSINESS NEWS DIGEST 

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