EU countries accept CZ PRES proposal to cap gas prices

Published: 20.12.2022 Related countries:  Czech Republic Czech Republic

CZ PRES 2022 succeeded in negotiating the gas price cap.

The EU energy ministers agreed on December 19, 2022, on a proposal by CZ PRES 2022 to cap gas exchange prices in the EU. The cap is set at EUR 180 per MWh and will apply from mid-February 2023. If the gas price on the Dutch exchange exceeds this level for three consecutive days, the so-called correction mechanism will be activated. Thereafter, no trades will be made on the exchange at a price higher than EUR 180/MWh.

Compiled by the team of CzechTrade office in Latvia (Lithuania, Estonia).
Source: ČIA NEWS