Polish climate minister says EU gas cap proposal is a 'joke' | Inquirer Business

Polish climate minister says EU gas cap proposal is a ‘joke’

/ 04:53 PM November 24, 2022

WARSAW  – The European Union’s gas price cap proposal is a ‘joke’, Polish climate minister Anna Moskwa said on Thursday.

Moskwa’s criticism followed disagreement among the 27 European Union countries on Wednesday over a proposal to cap future gas prices at 275 euros per megawatt hour (MWh).

ADVERTISEMENT

“The gas cap proposal is key, but what emerged the day before yesterday is a joke. it was presented at the last moment and deviates from what had been proposed before and isn’t acceptable as it’s higher than current market prices,” Moskwa said in Brussels.

As many as 15 EU countries including Poland, Italy and Greece want a cap, while a camp led by Germany argues that a cap could hamper gas supplies.

FEATURED STORIES

“I don’t know if there’s anyone who could back this proposal; it’s not even a start to a discussion,” Moskwa added.

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: EU, gas, Poland, price ceiling
For feedback, complaints, or inquiries, contact us.

Subscribe to our business news

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.



© Copyright 1997-2022 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.