The European Commission and Parliament proposed new EU regulations in response to global energy market strains caused by conflict.
1 report, 1 independent
Updated Wed 00:00
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What happened
The European Commission and Parliament proposed new EU regulations in response to global energy market strains caused by conflict.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Geopolitical risk and conflict are impacting European energy prices and supply, influencing regulatory outlook.Also in this story
- The European Commission executes EU energy security policy amid rising costs driven by the Russia-Ukraine war and Strait of Hormuz closure.
- Conflict in Lebanon, ECB actions, and mining disruptions are creating fresh uncertainty across Europe.
- The conflict involving Iran is impacting the Strait of Hormuz, which supplies global LNG markets, leading to increased scrutiny of energy price caps by Ofgem for the UK market.
The entities involved
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European Commission
executive branch of the European Union
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European Parliament
parliament of the European Union directly elected by the citizens of the Union
Related events
- Legislative bodies approved a budget deviation while the European Commission must clarify energy interventions to allow government flexibility within EU rules.
- The European Commission and Parliament are strengthening joint energy purchasing mechanisms and leading strategic dialogue on refineries.
- The European Commission is monitoring the fuel situation across Europe.
- The energy crisis is causing average citizens in Greece to face barrages, while the European Commission pleads regarding the situation, and governments grapple with budget overruns.
- MEPs urged the European Commission to propose a new regulation.