November 24, 2022 10:43 GMT
Agreeing on an EU gas cap remains a tussle between ministers unable to commit to the proposal of 275 euros per megatwatt hour as well as its strict further stipulations.
- Poland's Climate Minister Anna Moskwa has called the plan "a joke".
- Belgium's Energy Minister Tinne Van der Straeten said "The text that is on the table is unsatisfactory (...) it doesn't clearly say if it will have an effect on prices,"
- Greece’s Konstantinos Skrekas said a cap of 150-200 euros/MWh would be "realistic", adding "It could help us reduce gas prices and therefore reduce electricity prices, which is a major challenge in Europe this winter,".
- Malta said the strict conditions needed for the mechanism to kick in made it "next to impossible".
- Opposition towards the cap is coming from Germany, the Netherlands, Sweden, Austria and Finland. They are not in favour of a lower cap which they have said would damage the ability for the EU to be competitive on the global markets