Polish PM praises EU's deal on gas cap
Mateusz Morawiecki, the Polish prime minister, has said that a gas cap deal approved by the EU means an end of market manipulation by Russia.
European Union nations' energy ministers have agreed a gas price cap, a spokesperson for the Czech Republic said on Twitter on Monday. The deal follows weeks of talks on the emergency measure that has split opinion across the bloc as it seeks to tame the energy crisis.
"We have a deal regarding a cap on gas prices which amounts to EUR 180 per megawatt hour," Morawiecki wrote on Facebook.
The prime minister added that, during recent meetings in Brussels, "our majority coalition managed to break the resistance, mainly from Germany."
"This means an end of market manipulation by Russia," Morawiecki wrote.
The cap is the 27-country EU's latest attempt to lower high gas prices that have inflated citizens' energy bills and driven record-high inflation this year after Russia cut off most of its gas deliveries to Europe.
According to a PAP source, the EU gas price cap would kick in if prices on the Dutch Title Transfer Facility gas hub contract exceed 180 EUR/MWh. The price cap could be launched on February 15. (PAP)
