After months of bickering, the EU energy ministers in Brussels have reached a compromise on the gas price cap: there must be a price brake for natural gas if the price exceeds 180 euros per megawatt hour.
In the run-up to the EU Council presidency, the Czech Republic had proposed a ceiling if the gas price were to exceed 188 euros per megawatt hour for three days. According to the spokesperson for the Czech Council Presidency, top politicians have now agreed on a limit that is slightly lower. According to the decision taken by EU energy ministers in Brussels on Monday, the mechanism will enter into force on 15 February 2023.
Austria insists on security of supply
Earlier, Gewessler had emphasized the Austrian position that security of supply was the most important thing. The fear of Germany, the Netherlands and Austria persisted until the very last moment that liquefied natural gas could no longer come to Europe if there was a cap. In the event of a shortage, distribution battles would break out between states, posing a crucial test for the EU.
Source: Krone
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