“FT”: The Union will freeze gas prices. The industry rebels. They wrote a letter to von der leyen

The European Union is to soon present a plan to save the industry. Its element is to freeze gas prices. This idea is opposed to the power sector, which wrote a letter to Ursula von der Leyen. Why does the industry think that gas price regulation is a bad idea?

The EU wants to freeze gas prices: The European Union is considered introduction of adjustable gas prices, as part of the policy of “pure industry”, which is to be presented in the next month of Cu, “Financial Times” said three people with knowledge about negotiations in this matter. The new industrial policy announced in Gdañsk the chairman of the European Commission Ursula von der Leyen. Its purpose is Lowering energy prices so that European business becomes more competitive.

Industry opposing prices: Although conversations about the mechanism of frozen gas prices are still at an early stage, they have now caused opposition from the electricity industry, which warns against violation of “trust” in terms of the European market. In connection with this 11 entities, including Europex (European Association of Energi ±) or AFME, a lobbying group from financial markets, sent a letter to Ursula von der Leyen, in which they write: “We believe that this mechanism, if it is open, may have far -reaching negative consequences for the stability of European energy markets and security of deliveries on the whole continent. “In their opinion, undermines are trust in the Rotterdam Hub TTF as a reference point for Europe and the industry of other, unregulated reference prices from outside the European market will lead to the industry.

Gas prices up: Gas in Europe for a year for a year will only be expensive. And the heating season and the more profitable inventory in warehouses made it Prices of raw material are the highest in two years. In Rotterdam Huba TTF, prices are approaching 60 euros for a megawatt hour.

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Source: Gazeta

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