Economy

Gas price deflates after von der Leyen announcements

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Europe is moving towards decoupling the price of natural gas and the price of electricity, but also imposing a cap on what is used to produce electricity,

Gas prices deflate after Commission announcement for intervention in the energy market and the faster growth of European reserves.

The price had reached up to 245 euros. It is now at 256, down 6%.

The measures that are on the table

Europe is oriented towards decoupling the price of natural gas and the price of electricitybut also in imposing a ceiling which is used for the production of electricity, a proposal submitted to the Summit last May by the countries of the South, including Greece, but the northern countries were then categorically opposed.

However, after the wild rally in energy prices, they appear to have reconsidered with Ursula von der Leyen yesterday announcing electricity market reform, noting that “the price of natural gas and electricity must be decoupled from each other”.

NATURAL GASnewsSkai.gr

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