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Europe to “Flatten the Curve” Again


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The European Union says they must “flatten the curve.”

Is it for COVID-19?

Monkeypox?

Flu?

No, it has nothing to do with a virus.

Europe wants to flatten the curve on electricity use!

“The European Commission is proposing a mandatory reduction in electricity use during peak hours as part of sweeping new measures to tackle the energy crisis,” RTE reported.

Commission President Ursula von der Leyen told reporters: “We have to save electricity, but we have to save it in a smart way.”

“If you look at the costs of electricity there are peak demands, and this is what is expensive, because in these peak demands expensive gas comes into the market.”

“So what we have to do is flatten the curve and avoid peak demands. We will propose a mandatory target for reducing electricity use at peak hours and we will work very closely with member states to achieve this,” she added.

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Here’s a Rumble backup from Chief Nerd:

RTE added:

EU energy ministers will discuss the proposals at an emergency meeting in Brussels on Friday.

Ms von der Leyen also told reporters that a price cap would be imposed on the revenues of companies “producing electricity with low costs”.

She said “low carbon energy sources” were enjoying low costs but high prices on the market.

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This meant they were making revenues they had “never dreamt up”.

She said such “unexpected profits” would be channelled to member states to support vulnerable households and companies.

President von der Leyen argued that such revenues could not be reinvested by low carbon energy producers because they did not reflect the costs of production.

“So it is now time for the consumers to benefit from the low costs of low carbon sources. Like, for example, renewables,” she said.

She said there would also be a “solidarity contribution” from oil and gas companies which had made “massive profits”.

President von der Leyen said “all energy sources must help to overcome this crisis”.



 

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