Cost of Living
Government says joint energy purchases are "not the solution" to the crisis
Prime Minister Luís Montenegro stated at the European Council that joint EU energy purchases are not the solution to current price hikes, as Portugal relies on other suppliers like Brazil, Algeria, Nigeria, and the US. He argues the problem lies in the current price-setting mechanisms and speculative financial markets, advocating for strategies to mitigate these market impacts rather than focusing solely on joint procurement.
Why it matters
While there is no immediate change for consumers, this signals that the government is focusing on reforming EU price-setting mechanisms rather than alternative supply purchasing, which could influence future energy costs for households in Portugal.Correio da ManhãRead original ↗
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