The Czech Presidency of the Council of the EU, which took over from the French Presidency, announced on Friday that a 15% reduction in gas consumption within the EU will come into force “at the beginning of the week next” to compensate for the reduction in Russian deliveries.
The 15% reduction in gas consumption within the EU will come into force “at the beginning of next week” to compensate for the reduction in Russian deliveries, the Czech Presidency of the Council of the EU announced on Friday. “The regulation on the reduction of gas demand has been formally adopted. The text will be published in the Official Journal at the beginning of next week and will enter into force one day after its publication”, specified the presidency on its twitter account. It should be published on Monday and will come into force on Tuesday, a European diplomatic source said.
#TTE Energy | ✅ The Council formally adopted the regulation on gas demand reduction.
The text will be published in the Official Journal at the beginning of next week and will enter into force one day after the publication.#EU2022CZ
— EU2022_CZ (@EU2022_CZ) August 5, 2022
A measure imposed by the reduction of Russian deliveries
Agreement on this measure was reached at an extraordinary meeting of EU energy ministers on 26 July. Only one country, Hungary, opposed this measure deemed “unjustifiable, unnecessary, unenforceable and harmful”, but unanimity was not required and the Hungarian government could not prevent its adoption. The agreement provides that each country will do “everything possible” to reduce, between August 2022 and March 2023, its gas consumption by at least 15% compared to the average of the last five years over the same period.
The measure was imposed by the reduction of gas deliveries by Russia, which provided until last year some 40% of gas imports from the EU. European Commission President Ursula von der Leyen called on member states to “prepare for the worst-case scenario” of a Russian gas supply halt.
In the event of “risk of serious shortage”, an alert mechanism will make the 15% reduction “binding” for the Twenty-Seven, but this objective will be adapted to the realities of each State, in particular to the capacities to export the quantities of gas saved to countries in need, thanks to a series of derogations. Member States must also replenish their stocks before winter.