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Gas: Twelve Member States are asking for a lower price cap of 220 euros

2022-12-10T16:57:39.668Z


Meeting of the Representatives of the 27 today on the energy package and, in particular, on the gas price cap. (HANDLE)


(ANSA) - BRUSSELS, DECEMBER 10 - Meeting of the representatives of the 27 today on the energy package and, in particular, on the gas price cap.

So far, the Czech presidency has put on the table three compromise proposals with respect to the Commission's initial proposal, bringing the ceiling from 275 euros per megawatt hour to 220 and shortening, from 15 to 5 days, the time required as a condition for the mechanism to trigger.

However, the meeting opened under the banner of divisions: twelve member states, including Italy, have reportedly asked the Czech presidency to make some amendments.


    There are three aspects underlined by the twelve Member States: the scope of application of the regulation (an extension of which is being requested);

the trigger mechanism;

and the levels of 220 and 35 euros (the latter being the differential with the reference indices of the other global markets) which according to the twelve should be significantly reduced because they are still excessively high.

On the activation mechanism, the twelve capitals believe that the ceiling should not trigger after 5 consecutive days in which the price exceeds the fixed cap but after only one.

(HANDLE).


Source: ansa

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