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Tuesday, November 29, 2022
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EU Energy Commissioner: Next week the outline of a corrective mechanism of the natural gas market

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“The Commission is committed to providing an effective mechanism to curb excessive gas prices, in line with our proposal of 18 October and the conclusions of the Summit”

“We will present next week the outline of a corrective mechanism for the natural gas market and a legislative proposal soon after,” she said in a post on Twitter. EU Energy Commissioner Kadri Simpson.

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He notes, at the same time, that “the Commission is committed to providing an effective mechanism to limit excessive natural gas prices, in accordance with our proposal of October 18 and the conclusions of the Summit”.

Earlier, the Czech Republic, which holds the Presidency of the Council of the EU, and the President of the Commission, Ursula von der Leyen, sent a letter to its member states in which it informs about the submission of a legislative proposal that it is committed to submit regarding the temporary ceiling on the price of natural gas before the extraordinary Council scheduled for November 24.

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“The Commission will submit in due course a detailed draft proposal for a market correction mechanism (‘temporary gas price cap’) that will take into account the conditions and safeguards requested by Member States,” the letter states.

The 15 EU member states (including Greece, Poland, Belgium, Spain, France, Italy) exert great pressure on the Commission regarding natural gas prices and request the imposition of a ceiling, stressing that what they specifically want from the Commission is to submit a legislative initiative and not some other form of proposal before the Council of Energy Ministers on November 24, otherwise they insist on blocking the solidarity regulation.

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Megan
Megan
I am currently a news writer for News Bulletin247 where I mostly cover sports news. I have always been interested in writing and it is something I am very passionate about. In my spare time, I enjoy reading and spending time with my family and friends.

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