The European Union is to cap the price of gas transported by pipeline from Russia to mitigate the effects of market manipulation by Vladimir Putin's regime. This was stated by the President of the European Commission, Ursula von der Leyen, writes Ceske Noviny.
"I am firmly convinced that the time has come to limit the price of gas from Russian gas pipelines to Europe," von der Leyen said after a meeting with the leadership of the German Christian Democrats (CDU).
According to her, in addition to savings, investing in renewable sources is another way to cope with rising gas and electricity prices.
The price of gas for the European market for delivery in October hovered around EUR 213 per megawatt-hour. A year ago it was around 29 euros, and two years ago it was around 15 euros/MWh. It began to grow more noticeably in the fall of last year, reaching a maximum of about 345 euros/MWh shortly after the invasion of Russian troops into Ukraine.
The possibility of introducing maximum prices for Russian gas will be discussed within a week by the energy ministers of the EU countries, whose extraordinary meeting was convened by the Czech presidency of the Council of the EU.
The President of the European Commission also called for energy saving, and she should submit a specific plan in mid-September.