Oettinger Seeks to Cut Energy Use by 1.5% Annually, Welt Reports

European Union Energy Commissioner Guenther Oettinger is seeking to force electricity providers to cut energy use in the region by 1.5 percent annually, Die Welt reported, citing the draft of a directive that Oettinger will present on June 22 in Brussels.

The savings should be achieved by making consumers use less electricity, Die Welt said.

The commission also wants to force companies to issue bills to customers more frequently, the newspaper said.

To contact the reporter on this story: Ragnhild Kjetland in Frankfurt at rkjetland@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong in Berlin at kwong11@bloomberg.net

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