Nehammer urges EU not to let Putin set electricity prices

Austrian Chancellor Karl Nehammer called for a single EU-level solution to limit electricity tariffs. They should be decoupled from gas prices and closer to generation costs, he says.

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Austrian Chancellor Karl Nehammer called on the European Union to take a unified decision on limiting electricity tariffs in connection with a sharp rise in energy prices, in particular gas. His statement, timed to coincide with the EU energy summit.

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“We must finally stop this madness that is happening in the energy markets right now. And this can only be done with the help of a European solution,” he said.

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According to him, the tariff for electricity should be separated from the price of gas and reduced to the actual cost of generation.

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“We should not let Putin decide the price of electricity in Europe every day,” Nehammer said.