BAKU, Azerbaijan, Feb.27. Europe has to focus
on long-term electrical energy market, Jozef Sikela, Minister of Industry
and Trade, Czech Republic, stated forward of the Informal Energy and
Transport Ministerial assembly in Stockholm, Sweden, Trend studies.
“We have two essential matters to debate right now. In the morning
we’ll begin with the upcoming electrical energy market design. Of
course, a loads of authorized measures have been taken to final 12 months and
now we have to proceed with this effort. However, now we have to be
extraordinarily cautious, as a result of we’ve seen that the short-term market
mainly works. It there’s extra demand than the supply, the costs
will go up. So, moderately than utterly altering the short-term
market, now we have to deal with long-term market, particularly, on the
technology,” he stated.
Sikela went on so as to add that in terms of gasoline, so much has been
achieved to this point.
“In the Czech Republic we had been in a position to save in 2022 in comparison with
earlier years round 20 % of gasoline and mainly, this was the
success throughout Europe. We have to debate what to do with gasoline
purchases with a purpose to keep away from the identical errors and the worth spikes
this 12 months. Historically excessive ranges in gasoline storages earlier than the
heating seasons imply we could have traditionally excessive ranges in
storages after the heating season. It is a superb precondition to
have gasoline storages ready for the subsequent winter and possibly an answer
to eliminate Russian gasoline in 2024 newest,” the minister
defined.
One of the measures which EU nations have agreed on is to
improve gasoline reserves within the quick time period, with a purpose to safe
adequate provide for Europeans. To this finish, EU nations, inside
the Council, adopted a regulation in June 2022 to make sure that
storage capacities within the Union are frequently stuffed earlier than the
colder months and will be shared throughout the Union, in a spirit of
solidarity.
The regulation supplied that underground gasoline storage on member
states’ territory have to be stuffed to a minimum of 80 % of their
capability earlier than the winter of 2022/2023 and to 90 % earlier than
the following winter intervals.
The regulation has been swiftly applied. In September 2022,
the EU had its storage services stuffed by 80 % on common.
In October 2022, filling stage reached 90 %. In December
2022, gasoline reserves began for use up as a result of climate, however as
of January 2023, the filling stage stays above 80 %.
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