The European Commission’s (EC) gas price cap of €275 per MWh is too high. Croatian authorities will persuade the European Union to lower the bar. opens The words of the Minister of Economy and Sustainable Development of the Country’s Economy Davor Filipovich, Prime Minister’s Office.
“We held a meeting in the morning as 15 member states that have long favored a gas price ceiling and decided that the European Commission’s proposal should be finalized because the proposed maximum gas price, Filipovich, is extremely high at 275 euros,” he said.
As an example, he cited the current futures price for the Dutch TTF hub index of €126 per MWh (about €1.3 thousand per thousand cubic meters). Also, the Croatian minister pointed to estimates that the fuel cost in the first quarter of 2023 should be €139 (€1.4k) per MWh.
22 November European Commission (EC) suggested Set a price cap of €275 per MWh for monthly gas futures on the TTF hub index – $2,922 per thousand cubic meters at the current rate. As announced by Kadri Simson, Member of the European Commission in Charge of Energy, transactions above this level will not be possible.
Source: Gazeta
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