Prime Minister Pedro Sánchez on Thursday urged the 27 to be more ambitious to stop the rise in energy prices, an issue he warned could affect the competitiveness of the European economy.
Upon arriving at the EU leaders’ summit, the executive insisted that the escalation in energy prices affects the European bloc as a whole and that action is needed at European level. He stressed that this was an issue that was important for both citizens and industry, and that there was a need to react “from the industrial level” as well.
Although he described the joint board’s document proposing measures to curb price escalation at national level as a “good first step”, Sánchez insisted that Spain had “greater ambitions” in action and addressed the situation urgently “.
“We would like to move faster, but the steps in Brussels and in the EU are less intensive than we would like. We will continue to work on solutions at European level that go beyond what we do at national level, ”stressed the socialist leader, who said that we now have to wait for further analysis of the price boom and new steps from Brussels Idea that the leaders will re-examine the situation at the December summit.
Spain’s aim is to “move the debate forward”. The next steps, according to Sánchez, will be given a report by the Association of Energy Regulators on the operation of the current electricity system and the next measures taken by the European executive in mid-November.
Spain has led the proposals within the EU to deal with this bloc crisis and believes that there must be a European response.
The European Commission has already presented a number of measures at national level to moderate the price increase in the short term. The far-reaching reforms of the functioning of the energy market, however, have been left to long-term reflection.
Although Spain celebrates the fact that the issue is being debated among European leaders, it believes the community response is insufficient and will try to get leaders to adopt more ambitious measures such as a platform for the joint purchase of gas to create a strategic reserve, to intensify the fight against speculation in the carbon market or to revise the European energy system so that gas becomes less important in terms of pricing.