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Next North-South Battle in the EU – Crushed for prices HOME • INSIDER • CYPRUS • North-South Battle in the EU – Crushed for prices
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After hours of negotiations, which in several places were stormy, the EU Energy Summit ended at around 8.30 pm. yesterday, with the conclusions – which were issued with great difficulty, due to the disagreements – only to partially satisfy the countries of the South.
In essence, the introduction of a maximum price for gas has not been approved here and now, nor has the change in the electricity market model been urgently requested, as Italy, Spain, Greece and Portugal, with the support of other countries, in an effort to enter barrier to uncontrolled increase in electricity costs and notoriety. The request of the countries of the South was opposed to the end by the countries of the North, mainly Germany and the Netherlands.
READ ALSO: & nbsp; A compromise solution was found for the purchase of electricity p>
The Prime Minister of Greece, K. Mitsotakis, speaking after the meeting said that “we managed to have an explicit reference to the ceiling of gas prices. The EU is committed to proposals for the electricity market by May “, a statement that does not refer to the introduction of a ceiling but to the further discussion of some way of its adoption, ie it refers to the conclusions as an option.
From “The EU leaders have given Spain and Portugal special permission to manage their own electricity prices,” because these two countries have a relatively high share of RES in their energy mix and very few connections to other parts of the EU network “.
It has been formalized that the Commission will have the mandate to engage in common energy markets in order to allow the EU to have better control over energy prices. & nbsp; & nbsp;
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