December 9, 2022

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EU countries unhappy with 275 euro gas cap proposal

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BRUSSELS — European Union energy ministers locked horns on Thusday over a proposed gas price cap at 275 euros per megawatt hour (MWh), grappling over its effectiveness at that level and the impact on supplies and incentives to cut consumption.

The long-standing disagreements were holding up other policies to alleviate the acute energy crisis, such as the launch of joint EU gas purchases and a quicker permit process for renewables.

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Diplomats said the 27 EU countries agreed on these two in principle but delayed formal approval until another meeting called for Dec.13, with proponents of a cap demanding a green light for all three proposals or none at all.

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Polish Climate Minister Anna Moskwa called the 275 euro blueprint put forward by the European Commission “a joke.”

Belgium’s Energy Minister Tinne Van der Straeten also chimed in, telling reporters: “The text that is on the table is unsatisfactory (…) it doesn’t…

Reuters

2022-11-24 06:37:55

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