275 euros/MWh for at least two weeks. This is the amount that the monthly contracts in the Dutch TTF reference market should exceed so that the gas price cap mechanism imagined by Brussels is not activated. A proposal strongly rejected by the French and Spanish governments on Wednesday.
Interviewed on the set of BFM business, Emmanuelle Wargon, president of the Energy Regulation Commission (CRE) confirmed that the proposal of the European Commission was not adequate. She spoke of a “too high price ceiling that will be totally ineffective and ineffective.”
As proof, these conditions have rarely been met in recent months, despite several gas price surges. Monthly contracts only exceeded 275 euros/MWh this year for a very brief period at the end of August, reaching a peak of around 350 euros, when the Twenty-seven competed to fill their reserves. And the prices are currently around 120 euros.
disagreements with Germany
Emmanuelle Wargon highlighted the different visions of Berlin and Paris on this thorny issue.
Although no agreement has been reached within the European Union to put a cap on the price of gas, the former minister nonetheless welcomed the “advances” made on the principle of group gas purchases.
Source: BFM TV
