Speaking during a meeting of EU energy ministers discussing the impact of Russia’s invasion of neighbouring Ukraine, Energy Minister Miriam Dalli explained that Malta is being impacted by high wholesale prices for electricity imported via the inter-connector from Italy.
When the provision of electricity faced danger, the Minister called for solidarity with everyone without any distinction. She went on to explain how Malta’s geographic location makes the impacts more pronounced and challenging to address.
‘The energy market disruptions affect freight costs, leading to higher prices and inflationary pressures. Exacerbating the issue further is the lack of choice of transport for Malta’s businesses, where all raw materials have to be imported’ she said.
Dalli pointed out how Malta supported a coordinated approach in such circumstances. However, she highlighted, member states should be allowed a degree of flexibility to best address their required needs.
Speaking in Brussels, she said that all EEU countries should be linked to the European energy grid to ease this growing issue. She went on to say that it was important to scale up investment in renewable energy.
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