The European Commission plans to announce an energy-crisis emergency plan on July 20, its measures believed to include a slowdown of nuclear and coal-fired facility withdrawals in the EU, as well as a demand-response mechanism offering industrial consumers incentives to curb energy demand in exchange for compensation.
The EU is bracing for further cuts to Russian gas supply. Kremlin-controlled energy giant Gazprom shut down Nord Stream I, a subsea pipeline linking Russia with Germany on July 11 for a 10-day period of maintenance work, according to Gazprom.
The EU’s emergency plan, to coincide with the end of this ten-day period, is expected to include measures aiming to cut gas use, incentives for firms to curb energy demand and gas savings now for stockpiling ahead of winter.
The European Commission plan will also call on EU member states to encourage industrial enterprises and electricity producers to switch energy sources and opt for biomass, biomethane, solar and and other renewable energy sources.
In addition, the plan will require thermal power stations equipped to also run on diesel to take necessary precautions enabling them to switch to diesel for continual periods of at least five days.