Thu. Jun 20th, 2024
EU Power Ministers fail to agree on fuel ceiling price
Energy Ministers of the european Union (EU) met in Brussels, the capital of Belgium. The ministers, who mentioned the emergency energy measures package ready by way of the eu Commission and the ceiling worth for herbal fuel, couldn’t achieve an agreement at the meeting. After the meeting, a press convention was held by the eu Term President, Czech Trade and Industry Minister Josef Sikela and EU Fee Power Member Kadri Simson. Giving information about the themes mentioned on the meeting, Sikela said, “In our lengthy-working talks, in which technical problems were basically mentioned, a consensus used to be reached on the commonplace gasoline purchase proposed through the european Fee and on specializing in projects in accordance with renewable energy resources with the primary of solidarity. The thought on regulating power costs. “We made up our minds to fulfill once more on 13 December on this issue. we hope to achieve an settlement on the 5th Power Assembly in this date. We additionally mentioned the problems that negatively impact competition among EUROPEAN countries these days,” he stated. Mentioning that the ecu Power Ministers have agreed at the joint gasoline acquire, Simson mentioned, “The proposals for including an extra value legislation mechanism to the present pricing mechanism referred to as TTF, measures to be taken to meet the current power wishes within the marketplace urgently, and likewise renewable energy to their houses to reach this winter. the issues of offering the support wanted by means of the citizens who wish to establish a mechanism that can produce production had been mentioned”. Adding that gas prices have lowered in latest weeks and step by step again to August prices, Simson said, “we’ve observed prices skyrocket. to prevent those scenarios, gas costs wish to be regulated. in this context, we steered proscribing TTF costs that exceed 275 megawatt hours per thirty days. “Excessive prices positioned our citizens and industries in a difficult situation. For those purposes, we’re making this proposal, which will be suspended at any time to mitigate the results,” said. Simson, who mentioned that the cost law notion submitted through the european Commission in favor of the majority agreement will likely be discussed once more in December, mentioned, “Nowadays, we’ve seen that even if we’ve got other perspectives, the majority has taken a stand for the agreement. i hope we will come to an settlement. Also, we should proceed to fortify Ukraine. Ukraine and “The peoples of Moldova are in a hard situation because of the attacks. The Minister of Energy of Ukraine also conveyed the difficult state of affairs within the u . s . by way of videoconference. We should repair energy in Ukraine. We must proceed to send generators and converters inside the scope of civil improve.” EUROPEAN Power Ministers are anticipated to continue their talks on THIRTEEN and 19 December. The Ecu Fee proposed a short lived regulation to prevent the unexpected and excessive building up in gasoline prices final Tuesday and proposed a ceiling value of 275 euros in step with megawatt hour within the forward gas value. EU Energy Ministers could not agree on gas ceiling price #1

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