Two camps clashed for many weeks. On the one hand, there was a group of 15 countries – including Poland – demanding ceilings below the market price for gas and a quick mechanism for imposing limits. On the other, there were and the Netherlands, which did not want any ceilings, and if so, higher than it was ready to accept, for example.
The European Union with a preliminary agreement on gas price caps
On Monday, December 19, the European Union finally reached a preliminary agreement on gas price caps. Everything indicates that the four-month negotiations have come to an end. This information was provided by Prime Minister Petr Fiala.
The limit is to be EUR 180 per megawatt hour. This means that the market correction mechanism will be triggered if the price of gas exceeds 180 per megawatt hour for three days. It is to cover all European hubs.
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The EU has decided. Poland is happy
However, it was not a decision that satisfied everyone. The Netherlands and Austria abstained and Hungary was against. Initially, Germany was also opposed, supported by the Netherlands and Denmark. Ultimately, however, Germany supported the agreement. 180 euros is a price much lower than the one proposed by the European Commission. wanted it to be €275, which most countries called a joke and negotiated a lower ceiling.
The introduction of gas price caps was demanded by a group of 15 countries, including Poland, which welcomed the agreement. The Permanent Representation of Poland to the European Union wrote about it on Twitter.
The procedures will be finalized in the coming days. The Czech Republic, which is in charge of the EU’s work, is to announce the details of the arrangements soon.
Source: Gazeta
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