Proposal for a COUNCIL REGULATION amending Regulation (EU) 2022/1369 as regards prolonging the demand reduction period for reduction measures for gas and reinforcing the reporting and monitoring of their implementation

Summary

The EU faces persistent energy security risks due to disrupted Russian gas supplies and global market volatility, necessitating continued efforts to reduce gas demand and ensure adequate storage for the upcoming winter. The European Commission proposes extending a voluntary 15% gas demand reduction target for another year, until March 31, 2024, and enhancing monthly reporting with sector-specific consumption data. This initiative is currently in the planning stage as a Council Regulation proposal, building on successful demand reductions observed since August 2022.

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Source Document

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