Author (Corporate) | Council of the European Union |
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Series Title | Official Journal of the European Union |
Series Details | 2023/2919 |
Publication Date | 29/12/2023 |
Content Type | Legislation, News, Policy-making |
Summary:Regulation (EU) 2023/2919 - adopted by the Council of the European Union on 21 December 2023 - introducing amendments to Regulation (EU) 2022/2576 as regards the prolongation of its period of application. Further information:Council Regulation (EU) 2022/2576 provides a temporary legal framework in respect of better coordination of gas purchases, measures to prevent excessive gas prices and excessive intra-day volatility in energy derivatives markets, and measures in the event of a gas emergency. It was adopted to tackle a energy supply crisis triggered by Russia's invasion of Ukraine. The period of application of that Act was originally limited to 30 December 2023. This Regulation extends by one year the period of application of the provisions of Regulation (EU) 2022/2576 in view of the persisting risks for energy supplies in the European Union (EU). The draft law was adopted by the European Commission on 28 November 2023. The Act was adopted by the Council of the European Union on 21 December 2023 and published in the Official Journal on 29 December 2023. |
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Source Link | http://data.europa.eu/eli/reg/2023/2919/oj |
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Subject Categories | Energy |
Subject Tags | Energy Infrastructure, Energy Markets |
Keywords | Natural Gas |
International Organisations | European Union [EU] |