High energy prices in recent months have drawn attention from the European Commission, highlighting the importance of energy security, especially in times when global markets are volatile. Spot natural gas prices trading in the Netherlands soared this week near to record highs seen in October. Electricity prices have surged across Europe.

“Rising gas prices push up the cost of electricity in EU,” European Commission Ursula von der Leyen wrote in a tweet on December 16 “Almost all EU Member State have taken measures to shield the most vulnerable people, as recommended by EU Commission. This week, we presented proposals make our energy system more robust as well as more sustainable.”

https://www.neweurope.eu/article/high-gas-prices-push-up-electricity-cost-in-eu/

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