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2022-12-19

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Gas price cap talks continue as EU strives to reach deal before cold winter arrives

欧盟成员国正竭尽全力就一项限制天然气价格的计划达成一致，在该地区应对前所未有的能源危机之际，这一措施已使各国政府陷入了数月的分歧。据两位知情的欧盟外交官透露，周一在布鲁塞尔举行的能源部长会议正在讨论捷

Gas price cap talks continue as EU strives to reach deal before cold winter arrives

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According to two EU diplomats familiar with the matter, a meeting of energy ministers in Brussels on Monday is discussing the latest draft compromise proposed by the Czech government to reduce the cap to 180 euros/MWh ($191), which is nearly a third lower than the 275 euros proposed by the European Commission last month. The market intervention measures are expected to take effect from early February next year.</p><p>Most member states are said to want to lower the cap on the Commission's proposal because it would make no sense compared to some of the price levels reached in the summer. But the question now is how low the cap will be. Germany, the region's largest economy, urged caution about excessive market intervention.</p><p>If no agreement can be reached, the meeting may be postponed until next year, when winter will be in full swing. Therefore, energy ministers are eager to take action now. Currently, the benchmark Dutch front-month natural gas futures price is trading at around € 110/MWh, however, any cold wave or further supply disruption could cause prices to soar again.</p><p>Czech Industry Minister Jozef Sikela said he was \"strongly\" convinced an agreement was possible after EU leaders last week voiced support for a quick deal. The Commission said this cap move should be a deterrent rather than a tool that should be actively used. Its purpose is not to artificially set prices, but to prevent them from spiking.</p><p><img src=\"https://static.tigerbbs.com/cea1f0e3f6143c24b3ce0d84eb9485c6\" tg-width=\"530\" tg-height=\"297\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In fact, as early as this spring, some member states put forward a proposal to intervene in the gas market, but this proposal caused serious differences among governments. In recent weeks, Germany has led a push for cautious measures amid concerns that this could jeopardize security of supply, while Belgium, Greece, Italy and Poland have demanded more aggressive tools, demanding a price cap at € 160.</p><p>\"Today, we must agree on a mechanism to prevent European households and businesses from suffering from the surge in gas prices seen in the summer,\" Sikela said ahead of the meeting. \"The solutions we provide should meet the needs of these two groups: those who ask for limits, and those who are worried about them.\"</p><p>In addition, it is also related to the future of the euro zone's $17 trillion economy. At present, soaring energy prices have fueled inflation in the euro zone and threaten to push the region into recession. It is estimated that the crisis has stretched the budgets of European governments, as they have provided more than 700 billion euros in aid to businesses and consumers. And these governments continue to face pressure from voters to do more to control soaring costs or risk a rebound.</p><p>\"No one, including me, is opposed to low prices,\" said German Economy Minister Habeck, who hopes to find a solution, \"but we need to be careful not to lead to bad results because we want good results.\"</p><p><b>Seeking compromise</b></p><p>While the draft regulation on price caps requires the support of a qualified majority of member states, the Czech presidency has struggled to find a broader compromise. On the other hand, Sikela did not rule out the possibility of holding a vote on Monday to effectively overcome German opposition if his efforts to win the support of all member countries failed.</p><p>The agreement on a gas price cap will also bring a broader set of measures to control high energy costs. Gas and electricity prices surged to record levels earlier this year after Russia cut supplies amid the Russia-Ukraine conflict.</p><p>According to the latest Czech draft compromise, the so-called gas market correction mechanism will come into effect when near-month contracts for the Dutch Title Transfer Facility (TTF) exceed EUR 180/MWh for three consecutive working days. The draft also stipulates that the price difference with the predefined basket of LNG prices is greater than 35 euros. Contracts exceeding the cap will not be allowed to execute.</p><p>In addition, if the new draft undermines the EU's gas demand reduction measures, the European Commission can stop its intervention in the market. The implementing agency will also immediately suspend the mechanism if it jeopardizes the security of supply. The move comes after Germany and a number of other countries expressed concern that Europe's price-capping restrictions could make the region less attractive to global sellers as the EU seeks alternatives to Russian exports.</p><p>\"Today is a critical time, so let's make sure everyone is involved to reach a compromise that really works,\" said Malta's Minister of Environment, Energy and Enterprise, Miriam Dalli.</p><p></body></html></p>","source":"highlight_zhitongcaijin","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gas price cap talks continue as EU strives to reach deal before cold winter arrives</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGas price cap talks continue as EU strives to reach deal before cold winter arrives\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经网</strong><span class=\"h-time small\">2022-12-19 21:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>EU member states are pulling tooth and nail to agree on a plan to cap gas prices, a measure that has divided governments for months as the region grapples with an unprecedented energy crisis. According to two EU diplomats familiar with the matter, a meeting of energy ministers in Brussels on Monday is discussing the latest draft compromise proposed by the Czech government to reduce the cap to 180 euros/MWh ($191), which is nearly a third lower than the 275 euros proposed by the European Commission last month. The market intervention measures are expected to take effect from early February next year.</p><p>Most member states are said to want to lower the cap on the Commission's proposal because it would make no sense compared to some of the price levels reached in the summer. But the question now is how low the cap will be. Germany, the region's largest economy, urged caution about excessive market intervention.</p><p>If no agreement can be reached, the meeting may be postponed until next year, when winter will be in full swing. Therefore, energy ministers are eager to take action now. Currently, the benchmark Dutch front-month natural gas futures price is trading at around € 110/MWh, however, any cold wave or further supply disruption could cause prices to soar again.</p><p>Czech Industry Minister Jozef Sikela said he was \"strongly\" convinced an agreement was possible after EU leaders last week voiced support for a quick deal. The Commission said this cap move should be a deterrent rather than a tool that should be actively used. Its purpose is not to artificially set prices, but to prevent them from spiking.</p><p><img src=\"https://static.tigerbbs.com/cea1f0e3f6143c24b3ce0d84eb9485c6\" tg-width=\"530\" tg-height=\"297\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In fact, as early as this spring, some member states put forward a proposal to intervene in the gas market, but this proposal caused serious differences among governments. In recent weeks, Germany has led a push for cautious measures amid concerns that this could jeopardize security of supply, while Belgium, Greece, Italy and Poland have demanded more aggressive tools, demanding a price cap at € 160.</p><p>\"Today, we must agree on a mechanism to prevent European households and businesses from suffering from the surge in gas prices seen in the summer,\" Sikela said ahead of the meeting. \"The solutions we provide should meet the needs of these two groups: those who ask for limits, and those who are worried about them.\"</p><p>In addition, it is also related to the future of the euro zone's $17 trillion economy. At present, soaring energy prices have fueled inflation in the euro zone and threaten to push the region into recession. It is estimated that the crisis has stretched the budgets of European governments, as they have provided more than 700 billion euros in aid to businesses and consumers. And these governments continue to face pressure from voters to do more to control soaring costs or risk a rebound.</p><p>\"No one, including me, is opposed to low prices,\" said German Economy Minister Habeck, who hopes to find a solution, \"but we need to be careful not to lead to bad results because we want good results.\"</p><p><b>Seeking compromise</b></p><p>While the draft regulation on price caps requires the support of a qualified majority of member states, the Czech presidency has struggled to find a broader compromise. On the other hand, Sikela did not rule out the possibility of holding a vote on Monday to effectively overcome German opposition if his efforts to win the support of all member countries failed.</p><p>The agreement on a gas price cap will also bring a broader set of measures to control high energy costs. Gas and electricity prices surged to record levels earlier this year after Russia cut supplies amid the Russia-Ukraine conflict.</p><p>According to the latest Czech draft compromise, the so-called gas market correction mechanism will come into effect when near-month contracts for the Dutch Title Transfer Facility (TTF) exceed EUR 180/MWh for three consecutive working days. The draft also stipulates that the price difference with the predefined basket of LNG prices is greater than 35 euros. Contracts exceeding the cap will not be allowed to execute.</p><p>In addition, if the new draft undermines the EU's gas demand reduction measures, the European Commission can stop its intervention in the market. The implementing agency will also immediately suspend the mechanism if it jeopardizes the security of supply. The move comes after Germany and a number of other countries expressed concern that Europe's price-capping restrictions could make the region less attractive to global sellers as the EU seeks alternatives to Russian exports.</p><p>\"Today is a critical time, so let's make sure everyone is involved to reach a compromise that really works,\" said Malta's Minister of Environment, Energy and Enterprise, Miriam Dalli.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/849876.html\">智通财经网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/96e30cfe5645b7e4a87e1527e86da349","relate_stocks":{},"source_url":"http://www.zhitongcaijing.com/content/detail/849876.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"2292824334","content_text":"欧盟成员国正竭尽全力就一项限制天然气价格的计划达成一致，在该地区应对前所未有的能源危机之际，这一措施已使各国政府陷入了数月的分歧。据两位知情的欧盟外交官透露，周一在布鲁塞尔举行的能源部长会议正在讨论捷克政府提出的将上限降至180欧元/兆瓦时(合191美元)的最新妥协草案，比欧盟委员会上个月提议的275欧元低了近三分之一。市场干预措施预计将从明年2月初开始生效。据称，大多数成员国希望降低欧盟委员会提案的上限，因为这与夏季达到的一些价格水平相比，该提案将毫无意义。但现在的问题是上限将低到什么程度。作为该地区最大的经济体，德国敦促谨慎对待过多的市场干预。如果不能达成协议，会议就有可能被推迟到明年，届时冬季将全面来临。因此，各国能源部长们现在就急于采取行动。目前，基准荷兰近月天然气期货价格交投在约110欧元/兆瓦时，然而，任何一场寒潮或供应的进一步中断都有可能会导致价格再次飙升。捷克工业部长Jozef  Sikela表示，在欧盟领导人上周表示支持快速达成协议后，他“强烈”相信有可能达成协议。欧盟委员会表示，这一上限举措应该是一种威慑，而不是一种应该积极使用的工具。它的目的不是人为地设定价格，而是防止价格飙升。事实上，早在今年春季，就有一些成员国提出了干预天然气市场的提议，但这一提议在各国政府之间引发了严重分歧。最近几周，由于担心这可能危及供应安全，德国带头推动采取谨慎措施，而比利时、希腊、意大利和波兰则要求采取更激进的工具，要求将价格上限设定在160欧元。“今天，我们必须就一项机制达成一致，以防止欧洲家庭和企业遭受夏季出现的天然气价格飙升，”Sikela在会议前表示，“我们提供的解决方案应该满足这两个群体的需求：要求设限的人，以及担心设限的人。”另外，这还关系到欧元区17万亿美元经济的未来。目前，飙升的能源价格已经加剧了欧元区的通胀，并有可能将该地区推入衰退。据估计，这场危机已经使欧洲各国政府的预算捉襟见肘，因为它们已经为企业和消费者提供了超过7000亿欧元的援助。而这些政府仍继续面临着来自选民的压力，要求他们采取更多措施来控制不断飙升的成本，否则将面临反弹的风险。“包括我在内，没有人反对低价，”德国经济部长哈贝克表示，他希望能找到解决方案，“但我们需要注意的是，不要因为我们想要好的结果而导致坏的结果。”寻求妥协虽然有关价格上限的法规草案要求得到成员国的合格多数支持，但捷克总统一直在努力寻求更广泛的妥协方案。而另一方面，Sikela也没有排除如果他争取所有成员国支持的努力失败时，在周一举行投票以有效克服德国反对的可能性。关于天然气价格上限的协议还将带来一系列更广泛的措施，以控制高企的能源成本。今年早些时候，在俄罗斯因俄乌冲突而削减供应后，天然气和电力价格飙升至创纪录水平。根据捷克最新的妥协草案，当荷兰产权转让设施(TTF)的近月合同在连续三个工作日内超过180欧元/兆瓦时时，所谓的天然气市场修正机制将生效。该草案还对与预先定义的一篮子液化天然气价格之间的价差大于35欧元给出了规定。超过上限的合同将不被允许执行。此外，如果新草案破坏了欧盟的天然气需求削减措施，欧盟委员会可以停止对市场的干预。如果该机制危及供应安全，执行机构也将立即暂停该机制。此前，德国和其他一些国家表示担心，在欧盟寻求替代俄罗斯出口的替代品之际，欧洲的限价限制可能会降低该地区对全球卖家的吸引力。马耳他环境、能源和企业部长Miriam Dalli表示：“今天是关键时刻，所以让我们确保所有人都参与进来，达成一个真正可行的妥协方案。”","news_type":1,"symbols_score_info":{"NGmain":0.9}},"isVote":1,"tweetType":1,"viewCount":858,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}