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The Commission's aim is to reduce energy prices - Response to Mitsotakis' letter | TheGreekDeal.com
European Commission
The Commission's aim is to reduce energy prices - Response to Mitsotakis' letter
Ms. von der Leyen was asked about the letter sent to the Commission by the Greek Prime Minister, Kyriakos Mitsotakis, calling for a European solution to the distortions in the energy market that lead to large discrepancies in electricity prices between EU countries.
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The new Commission aims to lower energy prices in Europe, which are higher than in the rest of the world, said European Commission President Ursula von der Leyen at a press conference today with International Energy Agency (IEA) Executive Director Fatih Birol on support for Ukraine's energy security in the coming winter.

During a press conference, Ms von der Leyen was asked about the letter sent to the Commission by the Greek Prime Minister, Kyriakos Mitsotakis, calling for a European solution to the distortions in the energy market that lead to large discrepancies in electricity prices between EU countries. The Commission President replied that there are indeed many factors affecting energy prices, such as the pressure of climate change on our energy systems and the need for better interconnection within the EU and its neighbours. He noted, however, that Russian attacks in Ukraine do indeed play an important role, but a "small" one.

"Overall we know that we have in Europe, compared to the rest of the world, structurally very high energy prices and a very clear objective of the new Commission - something that is also outlined in the Draghi report - is to structurally lower energy prices," von der Leyen said. According to her, there is a mix of measures that can be taken in this direction, such as energy diversification, huge investments in renewable energy sources. The Commission President also underlined the important role of energy saving and energy efficiency. She also mentioned the importance of equipping the market with energy supply because, she said, the EU is very dependent on the global market. "The more we have domestic energy, renewable energy, the more independent we are and the lower the prices are without any doubt," he said.

 

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