energy crisis

Energy rationing ‘could be a reality’ in coming months, McGuinness says

EU Commissioner says it would be ‘naive not to plan for the worst’ due to the impact of the Russian invasion of Ukraine

EU Commissioner Mairead McGuinness said the EU was ‘really alarmed about our lack of resilience when it comes to energy’ when it assessed the situation at the start of 2022. Picture:

Energy rationing within the EU could be required in the autumn and winter months to combat the threats to energy security posed by Russia’s invasion of Ukraine, EU Commissioner Mairead McGuinness said.

“It’s something we try to avoid,” the former Fine Gael MEP said. “But [energy rationing] could be a reality.”

McGuinness, who serves as commissioner for financial stability and financial services, said that security of energy supply was currently in a “precarious” position and ...