The European Commission tweeted that Europe has reduced its gas consumption by 20% in recent months, compared to the five-year average. As stated in the message, this has been possible thanks to the efforts of both EU countries’ citizens and businesses. The European Commission clarified that the 20% rate is well above the 15% target. RIA Novosti writes about this.
On 20 July 2022, the European Commission called on European countries to voluntarily reduce their gas consumption by 15% from 1 August 2022 to 31 March 2023. Indicators are compared with the average values of the previous five years.
Like knowledgeable “socialbites.ca” made such an attempt because the European Commission feared that Russia might stop deliveries altogether. This corresponds to 45 billion cubic meters of gas.
The rules, which took effect in August last year, are valid for 12 months and can be extended. According to them, if the European Council announces the so-called “warning of unity”, all EU countries will necessarily have to reduce their gas consumption.
Some European countries did not support the European Commission’s initiative last year. Spain, Greece and Portugal officially opposed. But in reality, at least 12 EU countries have voiced their concerns, including Italy, Poland and Hungary, Reuters reported.
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.