PoliticsNo agreement on petrol price cap

No agreement on petrol price cap

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There is still no agreement on the gas price ceiling. Even before the EU energy ministers meeting, it is clear that the gap between countries is huge.

Despite a compromise proposed by the Commission, EU countries still cannot agree on a price cap for gas purchases. “In summary, it can be said that not everyone is somehow satisfied with the Commission’s proposal,” said Sven Giegold, Germany’s Minister of State for Economic Affairs, shortly before the special meeting of energy ministers began in Brussels.

And also: “There’s still a lot of work to be done.” There are differing opinions among Member States. Czech Industry Minister Jozef Sikela, who is leading the negotiations, said he expects “sharp discussions”.

It’s all about it: gas price ceilings in the TTF

The EU Commission proposed to set an upper limit on the price of gas sold on the TTF trading platform under certain conditions. This will affect large customers who trade there. More than half of EU countries support such a ceiling price.


  • Germany criticizes gas price ceiling

    Countries such as Italy, France, Belgium, Malta and Poland do not find the proposal sufficient. “After weeks of discussion and suggestions, this is a joke for us,” said Polish Environment Minister Anna Moskwa. Belgian Minister Tinne Van der Straeten adds: “This Commission proposal should be discussed in detail and the text should be improved.”

    A second, smaller group, led by Germany, often criticizes a cover. “It’s important for us not to get the markets confused, but instead to tackle the causes of the high prices,” Giegold said. This is due to dependence on Russian gas, gas shortages and high consumption. States that criticize the gas price ceiling are warning against distribution wars. “We definitely want to avoid that,” Giegold said.

    Other topics: Common gas and solar systems

    Luxembourg Minister Claude Turmes called for calm: “Let’s be cool,” he said. “We have one month to get this cow out of the ice,” Turmes said of the next energy ministers meeting in December.

    At their ministerial meetings, they will also discuss measures to accelerate joint gas purchases and solar and other renewable energy approvals.

    The debate over the gas price ceiling continues. An analysis:

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Source: ZDF

Timothy
Timothy
I am Timothy Glover, a professional journalist and content creator. I specialize in writing and editing for news websites, specifically covering politics. I have been working as an author at News Unrolled for the past five years and have built up a reputation for producing quality content that is both informative and engaging.

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