“We are ready to discuss a ceiling on the price of gas used to generate electricity.” The announcement was made by the President of the European Commission, Ursula von der Leyen, speaking at the plenary of the European Parliament in Strasbourg in the debate on Ukraine. “This cap would also represent a first step towards a structural reform of the electricity market. But we also need to look at gas prices beyond the electricity market. We will also work together with Member States to reduce gas prices and limit volatility. and the impact of Russian price manipulation”. After days of silence, von der Leyen returns to the field and announces the strategies the European Union has in mind.
“In March we already offered it as an option. We said it could send an important signal that the EU will not pay any price for gas. gas supply. The situation has evolved critically since then”, he adds.
“Today, compared to March, more Member States are open and we are better prepared. This gas price ceiling must be properly designed to guarantee security of supply – he explains -. And it is a temporary solution to satisfy the fact that Ttf , our main price reference, is no longer representative of our market, which today includes more LNG. This is a temporary solution until the development of a new EU price index that guarantees a better functioning of the market. The Commission started working on this.”
Source: IL Tempo
Emma Fitzgerald is an accomplished political journalist and author at The Nation View. With a background in political science and international relations, she has a deep understanding of the political landscape and the forces that shape it.
