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EU ministers agree on gas price ceiling

2022-12-19T16:29:10.734Z


Energy ministers from EU member states have agreed on a cap on the gas price, a Czech spokesperson tweeted. The decision comes after several weeks of talks, reports the Reuters news agency. - It has moved in the right direction, says Energy and Industry Minister Ebba Busch (KD) on site in Brussels.


The issue has been a hot potato for a long time.

Last week, they got almost all the way there, and on Monday, the EU's energy ministers were able to agree on the issue of gas price ceilings.

- Today we have to end this.

We offer a solution that should satisfy both those who want a roof and those who are concerned about it, Czech Industry Minister Jozef Síkela said on his way into Monday's meeting.

According to Reuters, the price ceiling for natural gas will be just over SEK 1,800 per MWh.

During August, gas prices were around SEK 3,400 per MWh.

"A joke"

The issue has stirred feelings among several EU countries.

When the European Commission proposed a price ceiling of SEK 2,750, Spain, Poland, Italy and Greece called the proposal "a joke", writes the site energi.se.

Countries such as Germany, the Netherlands and Denmark have expressed concern that the market would be disrupted.

The details of Monday's settlement are not yet public.

The text is updated.

Source: svt

All news articles on 2022-12-19

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