For the majority of Member States, the only positive element in the European energy debate is that, finally, the European Commission, after long pleas and insistence, fix it gas price. The problem, according to the third vice president and minister of ecological transition, Teresa Riberathe three elements on which the initiative revolves –design, prices and conditions– “poorly planned”, “seems to be designed to guarantee that it will never be implemented” and “it seems to Spain that this is a bad jokeHe announced it when he arrived at the extraordinary meeting of energy ministers that will first consider the bill presented on Tuesday.
“It seems to us absolutely impracticable, ineffective and outside the purview and repeated demands of the Energy Council and the Council of Europe,” he said. According to Spain, the ceiling at which the corrective mechanism will be activated is 275 euros per megawatt hour for two weeks is unrealistic. “In our opinion, a price so high that it will never be applied cannot be demanded. These forecasts were not implemented this summer because this price threshold has to be exceeded for 15 consecutive days. If we cross that threshold for 15 consecutive days, it means that Europe has a very serious problem. Nothing needs to be done because the situation is so serious that it probably won’t be able to recover from this shock situation,” he said, demanding not a “fixed price” but a “dynamic price” that takes into account the prices marked in international markets, with an added bonus.
Ribera went even further. Not only is the Brussels plan poorly designed, but opposite effect and instead of lowering the price to “encourage growth”, he warned a cabinet when he arrived that he predicted it would be “complicated” because national positions are divided. “There is a large majority of member states who see with great concern how slow the Commission has reacted to mandate it has received from the Council of Europe and the Energy Council.”
emergency and renewable
In addition to the talk about the gas price ceiling, there are two more regulation proposals on the agenda. about the first emergency arrangement It included solidarity measures and the implementation of joint gas purchases, brought to the agenda by Brussels in October. accelerating the deployment of renewable energy. Two proposals closely linked to the cap on gas, according to Ribera. “To support this entire package today, it would be a huge mistake to leave open such an important element as guidance on what the general path of prices we buy gas should be,” said the vice president.
“If it’s not in the same package, same day, it’s not acceptable in our opinion.” this “could lead to a major lawsuit by both renewable energy supporters and environmental advocates”. According to the Spanish representative, it would be best to continue the technical work and agree on three elements within two or three weeks. “To support part of this package today, it would be a mistake to leave open such an important element as guidance on what the general path of prices at which we buy gas should be. “We must embrace three things at the same time and avoid the mistake of subjecting ourselves to pending uncertainty by supporting two important but partial proposals.”
Source: Informacion
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