Irish Minister: EU Has No ‘Magic Wand’ Against High Energy Prices

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LUXEMBOURG (ANP) - The EU and its member states do not have a "magic wand" to make high energy prices disappear, said Irish Energy Minister Darragh O'Brien ahead of an EU meeting with energy ministers. The current energy crisis is "more fundamental" than that, said the Irishman, whose country temporarily...

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The EU and its member states do not have a “magic wand” to make high energy prices disappear, said Irish Energy Minister Darragh O’Brien ahead of an EU meeting of energy ministers. The current energy crisis is “more fundamental” than that, said the Irishman, whose country holds the temporary presidency of the EU.

Giornale Radio

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Energy costs in the EU, already high, suffer "fluctuations virtually every day and, according to current wholesale prices, we could face further significant increases." This is expected by the Irish Energy Minister, Darragh O'Brien, on the sidelines of the EU Council in Luxembourg. For O'Brien, "from the point of view of supply, our reserves are solid and our supplies are solid. The great challenge for families and businesses is the costs; a que…

Hospodárske Noviny

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The European Union does not expect to face energy shortages in the coming period, but high prices could continue to weigh heavily on households and businesses. This was stated by the European Commissioner for Energy Dan Jörgensen before today's meeting of energy ministers in Luxembourg. According to him, the coming winter will be...