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EU countries are asking for fewer cuts in consumption. Germany and France nationalize energy

All in no particular order. The management of expensive energy by the European Union is anything but characterized by a true community spirit. So much so that the EU countries want a less rigid cut in electricity consumption than the 15% proposed by the Commission. Today the rotating presidency of the Czech Republic will present a document in which it is also proposed that producers from fossil fuels be exempted from the EU solidarity contribution when already subject to “equivalent measures”, such as taxation from extra-profits. The only measure announced so far (in addition to the super-tax that Italy has put in place for four months already) is the “single market emergency instrument”, a plan for quoting production and obligatory solidarity between individual countries that has already aroused a lot of discontent. There is still no price cap on gas and we are also far from defining the decoupling of the price of gas from that of electricity.

And so everyone does it for himself. Germany intends to spend 30 billion euros to nationalize Uniper, the main Russian gas importer, put on the ropes by crazy prices (retailers, in fact, have to pay very high amounts in cash while collecting their bills at least two months away and this creates problems with banks; ed). This is the second European country that has re-publicized energy after Macron’s France, which will remove 16% of EDF from the stock market for 10 billion euros. The maintenance of nuclear power plants and the increase in gas prices, which the government keeps at bay through reimbursements, “oblige” the state to direct the market and the economy.

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And what does Italy do beyond Aid? The elections have certainly caused a slowdown and, in any case, the European diatribes on the one hand and the extremism of the environmentalists of our house on the other do not bode well. And this is how the companies (which are still waiting for gas at controlled prices; Cingolani will pass the decree next week) have decided to go it alone. Federacciai, a Confindustria steel association, and Ansaldo Nucleare will invest in the Slovenian Krko nuclear power plant, ensuring 1.2 billion for the new reactors. In exchange they will have energy at affordable prices (nuclear costs much less; ed).

The fact that you have to do it yourself returns the size of the anxiety that grips companies. Not surprisingly, the future of the Isab Lukoil power plant in Priolo, in Syracuse, is the theme of the Sicilian Regionals. With the stop to imports of Russian oil from December, a plant that supplies 20% of Italian refining and a fifth of the electricity consumed by the island risks being stopped. The US Crossbridge fund would be close to the purchase and the center-right candidate Renato Schifani intends to fight for the continuation of the activity.

But, more generally, what ideas are there in the field? Overlooking the green ambition of the center-left, it should be noted that the proposals of the center-right are articulated on three fronts: European price cap, regasifiers and gas extraction In Italy, nuclear. Giorgia Meloni went further yesterday. You can implement, you said, a commitment “that Fdi has approved: the decoupling between the price of gas and electricity at the national level; we cannot wait for the slowness of Europe “. Instead, she had expressed more caution on the issue of the national price cap. Utilities, she had declared, “are not public, unless it is decided to nationalize them and we can talk about this; are listed on the stock exchange, so we put the money to buy electricity for 100 to the other countries with which we are interconnected? “.

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