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Analysis of Regulation (EU) 2022/1854 of the Council of October 6
On October 7, 2022, Regulation (EU) 2022/1854 (the "Regulation") adopted by the Council of the European Union, after the proposal from the European Commission, was published in the Official Journal of the European Union ("OJEU"). As advanced in our September 2022 legal update "Analysis of the European Commission's draft regulation on emergency intervention to deal with high energy prices", the Regulation sets out a series of measures aimed at an emergency intervention in European energy markets to provide a united and coordinated EU-wide response to deal with recent price hikes.
The measures are of an extraordinary nature and are therefore limited in time.
In this Alert we summarize the main changes that have been finally approved.