EU Countries To Consider Lower Gas Price Cap - Documents
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BRUSSELS, Dec 2 (Reuters) - European Union countries will consider on Friday a proposal for a gas price cap slightly lower than a Brussels proposal that some view as too high, with a handful of countries pushing for an even lower limit, documents seen by Reuters showed.
On Friday, countries will consider a revised proposal by the Czech Republic, which holds the rotating EU presidency, which would lower the limit to 264 euros/MWh and require prices to remain above that level for five trading days, Volos transport instead of two weeks, to trigger the cap.
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The scenes come just months after the Prime Minister was met with a furious backlash after his father jetted to his four-bed home in Greece - ignoring Foreign Office guidance which stated no one should travel unless it was essential.
Some countries criticised the original EU proposal, including suggestions it was designed with such a high price and with criteria so strict that the cap would never be triggered, and thus fail to cushion their economies from price spikes.
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But while EU countries have already agreed a raft of emergency energy measures, including requirements to fill gas storage to prepare for winter, diplomats expected tough negotiations on the price cap and some were doubtful a deal could be struck in time for a Dec.
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My surgeon believes we can take a managed risk and leave it for now. Not such good news is that there is still something small in the skin,' she says. ‘Normally it would be treated with radiotherapy, but because my skin is so thin it would burn.
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The Commission last week proposed a gas price cap that would kick in if the front-month Title Transfer Facility (TTF) gas price exceeded 275 euros ($289) per megawatt-hour for two weeks and was 58 euros higher than a liquefied natural gas reference price for 10 days.
‘Maybe I do need to open myself up to something in future.' Neither Mick nor any of the other A-Listers Marie has encountered over the years was aware that her surgery was scheduled for the middle of November — five weeks after her diagnosis, during which time she had several more hospital appointments.
The revised proposal, seen by Reuters, would also extend the cap to cover not only the front-month gas contract, as the Commission proposed, but contracts with expiry dates as far forward as a quarter-year.
EU gas prices have soared this year as Russia slashed gas deliveries to Europe following its invasion of Ukraine, prompting governments to spend hundreds of billions of euros to cushion their economies from the surge in energy costs.
In a document shared with other EU member states this week, Italy, Poland, Greece, Belgium and Slovenia proposed two options: either a far lower fixed price cap of 160 euros/MWh, or a "dynamic price cap" that could fluctuate in response to existing liquefied natural gas price benchmarks.
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