Why was there no agreement at yesterday’s meeting of energy ministers

The need to ensure security of natural gas supply, i.e. the risk of cutting off the flow if a ceiling is imposed on the import price of the fuel if the countries of origin react, but also the risk of increasing consumption if the price is reduced to low levels are the main reasons for not reaching an agreement on the matter at yesterday’s Council of Ministers of Energy.

According to information from the Ministry of Foreign Affairs, the proposal for general ceiling on natural gas the proposal was supported by Italy, Greece, Belgium, Ireland, Malta, Cyprus, Sweden, Croatia, Romania, Poland, Luxembourg, Latvia, Lithuania, Bulgaria, Slovenia and Germany (under conditions). No member state objected explicitly, but all focused on the need to ensure security of supply and not increase the demand for natural gas.

Also, the suggestion for ceiling only on Russian natural gas (which would probably lead to a stoppage of the flow), was supported by France, Denmark, Spain and the Netherlands, while Austria, Slovakia, Hungary, Italy, Greece and Luxembourg were opposed. It is noted that the southern corridor through which our country is also supplied, is still operating.

Regarding the other proposals discussed:

The proposal for a mandatory reduction in electricity demand was supported by: Austria, Germany, the Netherlands, Slovenia, Slovakia, Ireland, Sweden, Finland, Denmark, while Cyprus and Malta were against. Greece expressed a reservation.

The proposal for a revenue recovery mechanism from electricity producers (on the basis of the mechanism implemented by the government) was supported by: Germany, Greece, Ireland, France, Belgium, Bulgaria, Denmark, Spain, Finland, Luxembourg, Poland, Slovakia, Sweden, while opposed Lithuania, Malta, the Netherlands and Latvia. Energy Commissioner Simson pointed out the good and interesting operation of the Greek mechanism which can be a model.

The proposal to support companies operating in the futures market was supported by Belgium, France, Slovakia, Ireland, Spain, Sweden, Denmark, Cyprus, Finland, Romania, Hungary, Slovenia, while Luxembourg recommended caution.

Changes to the ETS (emissions market) were supported by Estonia, Poland and Hungary, while Germany, Spain, Ireland, the Netherlands, Sweden and Denmark were opposed. Finally, Greece, Germany and Spain supported the proposal to tax the excessive profits of fossil fuel companies, while Slovakia was against it.

RES-EMP

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