Brussels to present ‘detailed plan’ to limit yields and gas price next week

Despite the reluctance of recent months, most European Commission will eventually submit an offer temporary upper limit on gas pricesAs the majority of Member States have actively and passively requested in recent months, includes energy prices. This was communicated by Community Executive Director Ursula von der Leyen in a letter sent to European governments this Friday, also signed by the Czech Prime Minister and the current EU president. petr fiala. According to the letter, the offer will arrive “on time.” An extraordinary meeting of energy ministers was held on 24 November.

“The European Commission is a Detailed draft of a proposal for a market correction mechanism (temporary gas price ceiling) that will take into account the protection conditions requested by Member States, in time for ministers to meet at the energy ministers meeting on November 24”, announced von der Leyen and Fiala. Energy commissioner Kadri Simson said in a post on the social network Twitter that she will present the “plan” next week and that the bill will come “soon”.

Von der Leyen and Fiala echo in the letter: Leaders of 27 countries urged the European Commission to introduce additional measures “urgently” “A European framework to limit gas price extremes and to limit gas price in electricity generation, including an analysis of costs and benefits”. In the same text, Brussels claims to be working closely with Member States to be “fully committed to moving forward without delay with concrete offers” that will limit extreme price events such as those in August.

clear majority

The announcement comes after repeated calls. majority of member states. The latest emergency package was approved by European leaders in October, during ambassadorial-level negotiations, on the same Friday. “A clear majority of Member States urged the European Commission to submit a legislative proposal on a price/range as soon as possible and before the next Council,” said European sources familiar with the negotiation.

According to the same sources, some Member States remain wary of setting a ceiling – this is the case in countries such as Germany or the Netherlands – but others, from France to Portugal, feel that “making a proposal will facilitate the adoption of existing law. Proposal (emergency)” In a statement titled ”, they described the contents of the legislative package proposed by Brussels in October, which includes joint gas purchases, a mechanism to guarantee solidarity among Member States in the event of crisis, and a mechanism to limit intraday volatility during designs an alternative index to the Dutch TTF.

Source: Informacion

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