Bulgaria Among EU 15 Countries Seeking Gas Price Cap –

Bulgaria It is one of 15 countries that have signed a letter to the European Commission asking it to draft a proposal to cap natural wholesales across Europe. gas price ahead of an emergency meeting of energy ministers on the block on Thursday.

Greece, together with Belgium, Italy and Poland, took the lead in drafting a letter addressed to Energy Commissioner Kadri Simsson and signed by the Belgian Minister of Energy. BulgariaCroatia, France, Greece, Italy, Latvia, Lithuania, Malta, Poland, Portugal, Romania, Slovakia, Slovenia, Spain.

Ministers request that legislative proposals be made as soon as possible following the price cap proposal.

The letter says the energy crisis that began last fall is deepening, creating intolerable inflationary pressures that will severely impact households and businesses.

We recognize the efforts made by the European Commission and the measures it has proposed to address the crisis. But we haven’t yet tackled the most serious problem: the wholesale price of natural products. gas‘, said the letter cited by Casimerini.

the letter adds it more and more EU Member States are calling for price ceilings as the only means to help each Member State relieve pressure and manage inflation expectations. Caps also provide a framework for dealing with possible supply disruptions and limiting windfall.

15 Ministers also propose to apply the cap to all wholesale trade with natural resources. gas, not just imports from a particular jurisdiction. This can be done in a way that achieves the overall goal of ensuring security of supply and reducing consumption, they say.

The price cap proposal has some opponents, and some others. EU Member States, namely Denmark, Germany and the Netherlands, objected on the grounds that it would compromise security of supply.

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/BGNES Bulgaria Among EU 15 Countries Seeking Gas Price Cap –

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