"High gas prices drive up electricity prices. We must limit this inflationary impact of gas on electricity everywhere in Europe. For this reason - said the president of the European Commission, speaking at the plenary of the European Parliament,
Ursula von der Leyen
-, we are ready to discuss a ceiling on the price of gas used to generate electricity. This ceiling would also be a first step towards a structural reform of the electricity market ".
"We must also consider gas prices beyond the electricity market. Such a cap on gas prices must be properly designed to ensure security of supply. And it is a temporary solution to address the fact. that Ttf, our main reference parameter for prices, is no longer representative of our market, which today includes more LNG ".
"We have reduced our gas consumption by about 10% - he added -. We need to do more but it is an important fact. Russian gas supplies have decreased to 7.5% of gas pipelines"
"So I think we should further strengthen RePowerEU with additional funding, joint funding. In this way all European states can accelerate the necessary investments."