Poland's climate minister has described a proposal by the European Commission on a cap on the price of imported natural gas as a joke. On Tuesday, the European Commission EC proposed implementing a safety price ceiling of EUR 275 on month ahead of TTF derivatives. The EU says the TTF Title Transfer Facility is the EU's most common gas price benchmark and plays a key role in the European wholesale gas market. The proposal would only be triggered automatically if the front-month TTF derivate settlement price exceeds EUR 275 for two weeks, and TTF prices are EUR 58 higher than the LNG reference price for 10 consecutive trading days within the two weeks. In response to the proposal, Anna Moskwa, Poland's climate and environment minister, said: "We treat this proposal from the day before yesterday as a joke." It is hard to approach it seriously. She said that the EC proposal was presented at the last minute and totally differs from what the member states presented. The price proposed there is unacceptable. I am not sure if there is anyone who would be able to support this proposal. Moskwa said that it seems to me that no one will do it.
She believes that most countries that prepared their proposals for the maximum gas price months ago will share Poland's opinion.
Moskwa said that they expect that they will be taken seriously.
There isn't room for interpretation, no discussion, according to her. Today is another test to see whether the European Commission will stand on the side of most European countries and on the side of citizens who are already experiencing winter, or will it continue to conduct secret negotiations with Germany, Moskwa said.