Energy Prices Are More Than ETS: Von der Leyen Breaks Down the Real Cost Drivers! During the press conference, Ursula von der Leyen addressed the heated debate around energy prices — and clarified that the Emissions Trading System (ETS) is only one part of the equation. She explained that electricity prices are composed of four major elements: 🔹 Energy source cost – especially gas prices, which are tied to global volatility 🔹 Grid and network fees – often substantial 🔹 National taxes – which