As temperatures drop across the European continent, EU members continue to struggle to come to an agreement on a gas price cap.
- Dec 07, 2022, 11:00 AM CST
The 27 members of the EU are currently discussing the cap proposed by the European Commission last month, which did not win unanimous support when it was presented to everyone. On the contrary, the level that the Commission had set for the cap was widely considered to be too high and combined with such conditions as to effectively make the cap impossible to implement.
Mostly, the opposition seems to focus on the level of the price cap, which is why Czechia this week came up with an alternative, lower cap, at 220 euro, according to a BloombergThe current rotating president of the EU proposed not just a lower ceiling but also a shorter period before the cap enters into effect from two weeks to five days, which, in all fairness, would make a lot more sense: this summer, when gas prices topped 300 euro per MWh, they did not remain at 275 euro or more for two...
“I’ve already said that we can’t have a cap that is too low; otherwise, we can’t have supplies,” French President Emmanuel Macron said this week at a meeting of EU leaders in Albania. “There must be a cap mechanism to prevent peaks. That’s what we’ve decided as Europeans.”
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Glasgow archives reveal history of city's famous clock towersBefore wristwatches and mobile phones made personal timekeeping possible, people would have used the cityscape itself to tell the time.
Lire la suite »
Sainsbury’s pledges further £50m for cost-of-living price cutsSainsbury’s has said it will pump a further £50 million into its latest price-cutting push to support customers facing the soaring cost of living.
Lire la suite »
Xbox first-party games set for price increase in 2023Microsoft is set to increase the price of its new Xbox first-party titles. From 2023, major first-party Xbox games, such as Starfield, Forza Motorsport, and Redfall, will cost $70.
Lire la suite »
Meghan and Harry's Netflix trailer appears to show Katie Price leaving courtIt comes just days after a previous promo showed a line-up of photographers at a Harry Potter premiere.
Lire la suite »
M&S under fire as 'stunning' Christmas gift selling for twice the price on eBayIt's another of the retailer's top 20 food gifts this Christmas
Lire la suite »
Harry and Meghan's Netflix trailer appears to use footage of Katie PriceThe latest trailer for Prince Harry and Meghan Markle's upcoming Netflix docuseries has appeared to use footage of the press filming events unrelated to the couple
Lire la suite »