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EU,gas price cap comes into effect at 275€ per megawatt ho
Simson, 'ceiling if price higher for two weeks'
22 November, 18:56
(ANSA) - BRUSSELS, NOV 22 - "We know that the EU pays very
high gas prices,' and although prices have fallen, 'we remain
exposed to speculative dynamics' on the energy costs. 'Ours is
not a regulatory intervention to fix the gas price but a
mechanism of last resort that comes into force" under certain
conditions and at any rate "when the default gas price exceeds
275 euros per megawatt hour for two weeks." So the EU Energy
Commissioner Kadri Simson said while announcing the new
legislative proposal on the price cap. The cap set in the
proposal then is 275 euros per megawatt hour according to the
TTF index. (ANSA).
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