Connect with us

Entertainment

Energy, there is the EU agreement on price caps and joint purchases of gas

Published

on

Ursula von der Leyen - Photo by Ansa FotoUrsula von der Leyen – Photo by Ansa Foto

Common gas purchases, price caps and maybe a new Sure. After almost twelve hours of negotiations, the European energy agreement has arrived, which will bring together the Twenty-seven.

The Commission has officially received the mandate to build a global platform to negotiate gas purchases. Each country can decide whether or not to participate, but it is mandatory for 15% of the total European storage volume.

The Commission will then be able to take “concrete decisions” on the price cap at Ttf in Amsterdam, but on condition that it is temporary and does not jeopardize supplies. The leaders also gave the Commission and the energy ministers a mandate to carry out “a cost-benefit analysis of the measure”.

The approved model is that of Spain, supported by France but not by Germany, and could pave the way for a new Energy Security. Among the measures is also the “mobilization of the relevant instruments at national and European level” to “preserve the global competitiveness of Europe in order to maintain fair conditions and the integrity of the single market”.

Country positions

According to the Netherlands and Germany, there will be no need for new joint debt, because there is sufficient cash available. Emmanuel Macron, on the other hand, believes that the options are a Sure 2 or use the loans still available in the RePowerUe of around 200 billion.

Another extraordinary Energy Council is scheduled for 18 November. “We have asked the Commission to act urgently in the coming weeks. Next week there will be an Energy Council which will allow us to move forward and there will be the work of the Commission which has now received support on all the proposals it has made. The next two to three weeks will allow the Commission to clearly produce this mechanism. At the end of October, beginning of November, we can have him at work.

40 billion will not be enough

Many countries have also called for a greater commitment from the EU to avoid fragmentation of the single market and to help businesses and families. On the table, 40 billion euros remain from the 2014-2020 budget, of which a fifth is allocated by Germany alone. They will probably not be enough and the need to open a new joint debt may arise.

Continue Reading

Recent News

Boiler Boiler
Guide10 hours ago

When Is the Best Time to Replace a Boiler?

A boiler is a workhorse that works around the clock. It provides heat and warm water whenever needed. While horses...

Grammar Grammar
Tech16 hours ago

Grammar Checkers Unleashed: Enhancing Writing Precision and Efficiency

In the present computerized age, the ascent of simulated intelligence innovation has presented new difficulties in regards to the genuineness...

Crypto Staking Crypto Staking
Crypto5 days ago

Is it Possible To Make Money On Crypto Staking in 2024?

In the modern world, cryptocurrencies and blockchain technologies are becoming increasingly popular, attracting the attention of investors and users from...

Lake Como Lake Como
Wedding5 days ago

How to Choose the Right Location for a Marriage Proposal in Italy and Lake Como

Proposing marriage is a unique and memorable moment in a couple’s life. Choosing the right location is crucial to creating...

Personal Injury Lawyer Personal Injury Lawyer
Law1 week ago

Finding the Best Personal Injury Lawyer in Lumberton, NC

Personal injury law is designed to protect individuals who have been harmed due to the negligence or wrongful actions of...

WhatsApp Business WhatsApp Business
Business1 week ago

Running WhatsApp Business with Pro+VPS for Android Emulator

WhatsApp Business is one of the most powerful tool for Business to manage customers communication. Running it can enhance the...

Civil Partnership Visa Civil Partnership Visa
Finance1 week ago

Civil Partnership Visa vs Spouse Visa: Which One is Right for You

Choosing the right visa to join your partner in the UK can be confusing. Two common options are the Civil...

Crypto Crypto
Crypto2 weeks ago

Staked Crypto – A Step-by-Step Guide for Beginners

Ethereum staking has become an increasingly popular way for cryptocurrency holders to earn passive income through staking rewards. In this...

Ethereum Staking Ethereum Staking
Crypto2 weeks ago

Maximizing Ethereum Staking Rewards: Tips and Tricks

Are you looking to maximize the potential of your Ethereum holdings? Stake Ethereum using OkayCoin and take advantage of the...

Wedding Wedding
Wedding2 weeks ago

4 Wedding Services You Can Quickly Check Off Your To-Do List

Organizing a wedding might like arranging a large-scale symphony, in which each element must work together to produce a beautiful...