EU Council formally adopts extensions to emergency gas, power market measures

The EU Council on Dec. 22 formally adopted by written procedure the extension of three key emergency gas and power market measures introduced last year in response to the energy crisis provoked by Russia’s invasion of Ukraine. The three measures being extended comprise the gas market correction mechanism, so-called “gas solidarity” measures, and rules related to permit-granting for renewable energy… The EU Council on Dec. 22 formally adopted by written procedure the extension of three key emergency gas and power market measures introduced last year in response to the energy crisis provoked by Russia’s invasion of Ukraine. The three measures being extended comprise the gas market correction mechanism, so-called “gas solidarity” measures, and rules related to permit-granting for renewable energy… Read More