EU Energy Commissioner: No Immediate Winter Supply Risk, But Price Crisis Persists
EU Energy Commissioner Jørgensen said at the Informal Energy Council press conference in Dublin that months after the Iran conflict began, Europe still faces an energy price crisis, with little progress around the Strait of Hormuz and highly volatile prices. Since the war started, the EU has paid over EUR 100 billion extra for fossil fuel imports without receiving a single extra molecule of energy. No immediate winter supply risks are seen, but citizen bills and fuel prices remain a strain. He outlined a two-fold strategy: doubling down on the clean transition and structural reform while flexibly helping member states, companies and citizens, including considering lowering the gas storage f…
Impact and considerations
High energy prices and geopolitical volatility directly affect corporate operating costs and travel fuel expenses; possible EU adjustments to gas storage rules and short-term relief measures warrant monitoring for policy implementation.
Key points
- Months after the Iran conflict began, Europe still faces an energy price crisis, with little progress around the Strait of Hormuz and highly volatile prices.
- Since the war started, the EU has paid over EUR 100 billion extra for fossil fuel imports without receiving a single extra molecule of energy.
- No immediate winter supply risks are seen, but citizen bills and fuel-station prices remain a strain.
- Strategy is two-fold: advance the clean transition and structural reform while flexibly helping member states, companies and citizens.
- Considering lowering the gas storage filling target to 80% to ease price and refilling cost pressure.
- Short-term relief measures should be temporary and well-targeted, avoiding wasted public money in a fossil energy crisis.
- The Commission is examining flexibility on methane and transport fuel affordability.
Sources and time
- Primary source
- European Commission
- Other sources
- 0
- First source publication
- 30 Sept 2026, 01:02
- Page published
- 30 Sept 2026, 01:26
- Last updated
- 30 Sept 2026, 01:02
- Original links
- European Commission Press Corner：Opening remarks by Commissioner Jørgensen at the press conference of the Informal Energy Council (opens in a new tab)Primary source · en · Published 30 Sept 2026, 01:02