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).

“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.

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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.

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

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TAGS: EU, gas, Poland, price ceiling

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