Mitsotakis calls on European Commission to move faster to reduce energy prices

[Dimitris Papamitsos/Prime Minister’s Office]

Prime Minister Kyriakos Mitsotakis has written to Ursula Von der Leyen to request that the European Commission consider new ways to bring down gas and electricity prices.

“Prices are telling us we need to move faster but also differently – to think about new ways to tackle the problems that confront us,” Mitsotakis said in the letter, according to Bloomberg News.

Mitsotakis urged the EU to better integrate national grids and said it needs a new push in gas security.

“Shifts in the geopolitical landscape make this task even more urgent,” he said, underlining that even though Europe is preparing for a future where gas will play a smaller role, “we will depend on gas for at least two decades.”

He called on the EU to empower European companies to invest in gas projects and infrastructure and to sign contracts that guarantee access to global supplies.

For electricity, the prime minister called for a task force to be set up to increase flows across borders where there are significant price disparities.