The EU27 heads of state or government will meet in Brussels on 16 and 17 December for an EU summit to discuss, among other things, soaring energy prices.
This had already been the topic of a debate lasting several hours between the EU27, on Thursday 21 October, without leading to any real progress (see EUROPE 12817/1).
At next week’s European Council, Member State leaders will this time have the preliminary assessments of the Agency for the Cooperation of Energy Regulators (ACER) and the European Securities and Markets Authority (ESMA) on the design of the European wholesale electricity market and the functioning of the EU Emissions Trading System (ETS) respectively (see EUROPE 12833/7, 12837/9).
According to the draft summit conclusions obtained by EUROPE, the EU27 is expected to invite the European Commission “to deepen the examination of the functioning of the electricity markets, as well as supervision of EU ETS trading”.
The paper also calls for a rapid review of the proposed revision of the third gas package (due on 14 December), “including the proposed revision of the security of supply Regulation as regards voluntary joint procurement and gas storage”.
However, this last sentence is in square brackets, which is a sign of its sensitivity, and is therefore expected to be modified.
See the draft conclusions: https://bit.ly/3EFP2rE (Original version in French by Damien Genicot)