EU Energy Commissioner urges demand reduction amid gas price crisis

energy crisis natural gas prices EU energy policy gas storage levels demand reduction

European Energy Commissioner Dan Jørgensen has issued an urgent call to EU member states to prepare for the upcoming winter by implementing measures to reduce gas and electricity consumption. In a letter to energy ministers, Jørgensen warned that the bloc is facing a price crisis driven by supply instability, noting that the situation has not improved since his initial warning in March.

EU gas storage levels are currently at approximately 70 percent capacity, which is roughly 12 percentage points lower than the same period last year. Market volatility is being driven by geopolitical tensions in the Middle East and intense competition from Asian markets for liquefied natural gas (LNG) cargoes. The Dutch TTF benchmark has seen prices rise significantly, trading around 72 euros per megawatt-hour.

Proposed mitigation strategies include encouraging households to reduce electricity use during peak hours, limiting heating in public buildings, and turning off unnecessary public lighting at night. While Jørgensen emphasized that there are no immediate risks to supply security, he stressed the need for proactive demand management to prevent potential price spikes that could exceed 100 euros per megawatt-hour during peak winter demand.

Entities

Dan Jørgensen · Dutch TTF · European Commission · European Union · Gas Infrastructure Europe · Middle East · TTF

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] Emergency plans may include mandatory electricity consumption reductions or selective outages. www.press-gr.com · www.zougla.gr
[● 14 SOURCES] European Commissioner for Energy Dan Jørgensen stated the EU is facing a price crisis linked to a supply crisis. www.press-gr.com · www.zougla.gr · jornaleconomico.sapo.pt · sapo.pt · opserver.mk · +9 more
[● 12 SOURCES] Global gas market volatility has been aggravated by geopolitical tensions in the Middle East. jornaleconomico.sapo.pt · sapo.pt · www.press-gr.com · www.zougla.gr · www.flash.gr · +7 more
[● 14 SOURCES] The Commissioner urged EU member states to prepare for winter by reducing gas and electricity demand. www.press-gr.com · www.zougla.gr · jornaleconomico.sapo.pt · sapo.pt · opserver.mk · +9 more
[● 5 SOURCES] Dan Jørgensen noted there are currently no immediate risks to supply security. jornaleconomico.sapo.pt · sapo.pt · opserver.mk · www.politika.rs · www.flash.gr
[● 2 SOURCES] The average price of diesel has reached 2.23 euros per liter. www.press-gr.com · www.zougla.gr
[DISPUTED] European gas storage is currently approximately 70 percent full. opserver.mk · zoom.mk · www.politika.rs · www.flash.gr · arabic.euronews.com · +7 more
[● 4 SOURCES] Gas prices on the Dutch TTF benchmark market have been above 70 euros per megawatt-hour for several weeks. opserver.mk · zoom.mk · www.politika.rs · www.flash.gr
[● 5 SOURCES] Proposed energy-saving measures include reducing household electricity use during peak demand, limiting heating in public buildings, and turning off unnecessary public lighting at night. opserver.mk · zoom.mk · www.politika.rs · arabic.euronews.com · www.euronews.com