Teresa Ribera, Third Vice-President of the Government and Head of Energy Transition, disappointment and disappointment The lines of action determined by the European Commission to intervene in the gas price. It’s a completely open discussion that EU energy ministers will be putting their teeth into again at a new extraordinary meeting this Friday. The document provided by Brussels for discussion affects negotiating better prices with reliable suppliers, extending the Iberian exception model to other countries, and imposing a cap on the gas price, but only for Russian fossil fuel. “The European Commission’s proposals are insufficient,” Ribera complained when she arrived at the meeting. Brussels’ role continues Deaf ears to the demand of 15 of the 27 Member States: put a limit on all imported gas.
“We I’m disappointed with the offer which the European Commission has not yet done. He clearly knows that this is a sensitive issue and has yet to find the space to which all Member States can respond positively,” the vice-president explained, admitting that the meeting would not allow the adoption of a viable roadmap. “Different member states expect different solutions. The European Commission must come up with an idea that can receive broad support and be accepted by all member states, because otherwise there will be division. We will listen carefully to what measures he will take. They are waiting for us.” , the energy commissioner said when he arrived: Kadri Simson.
Like Portugal, Italy and a dozen other countries, Spain feels that the European Union should set a cap on the price at which gas is imported into the EU, both via pipeline and liquefied natural gas, and cannot be applied only to Russia. It insists on raising Brussels. Ribera also considers it vital to change the reference index used by operators to buy and sell gas markets. “This is very important because all the pollution we experience in energy prices is closely linked to the reference they use. “If we manage to change the reference and make it more compatible with actual production costs, we will be able to achieve a very significant reduction in energy prices,” he said.“It is unreasonable for us to look the other way when there are intermediaries and operations that are closed at prices that have nothing to do with production costs or prices paid to the supplier,” the vice president added.
Comparison change
While Ribera does not expect definitive results from this Friday’s debate, she hopes that Twenty-Seven will emerge from the debate with “clear direction.” reference index current, TTF, because it does not respond to reality and creates enormous distortions in our prices. It is important to work on the reference change so that the TTF is the index that determines the reference,” he insisted, emphasizing the status of gas coming by cylinder and liquefied natural gas arriving by boat. Spain supports the line of negotiating with Brussels Pipeline gas providers such as Algeria or Norway to get better conditions. “It happened in Norway, it must have happened in Algeria and there are no other reasons in Russia.”
He understands that what can’t happen is to accept the distortions around the price of liquefied natural gas.ue responds to the fact that these are already closed contracts. “We are seeing deterioration occur with the price closing long ago. There may be fears that these ships will be diverted to Asian markets. It’s a matter of seeing what the reference is for other markets and getting closer. There cannot be such a large skewness between the prices paid in Europe and the rest of the world, as it puts European industry in a bad position, puts it in trouble and loses the purchasing power of European households. the cost of production has increased, but because of the speculative behavior of the intermediaries,” he denounces.
electrical interference
The Spanish representative also celebrated the new celebration. regulation of intervention in the electricity marketis designed to reduce electricity consumption and incidentally gas consumption. A measure that would allow governments to obtain resources from large energy companies and dedicate them to alleviating the plight of homes and businesses by using the extraordinary benefits of marginal technologies such as gas or nuclear. “In our case, it has been running since September 2021 and made it possible to protect the consumer, as companies did not update the prices of their contracts above the level of 67 euros. The Commission has proposed a maximum of 180 euro MWh, but it is left to each Member State to determine the amount it considers reasonable for each technology. Therefore, our mechanism will continue to be implemented under the conditions in which it operates.” Regarding the 1.2% temporary contribution of oil and gas companies, Ribera invited the People’s Party to submit changes in the parliamentary process if they think the measure can be improved.
Source: Informacion
Christina Moncayo is a contributing writer for “Social Bites”. Her focus is on the gaming industry and she provides in-depth coverage of the latest news and trends in the world of gaming.