Virgil Popescu (PNL), Minister of Energy, explained on Thursday, for B1 TV, why it is not possible and it is not indicated to cap the price of electricity.
“The prime minister also explained that we can talk about capping the energy zone when all or most EU members cap prices, that we no longer have a free market then. We cannot operate with the free market, and others…
There is a law on competition law, which is a law on a European competition directive, which says that a Member State can take the measure of capping for a maximum of six months in the event of price fluctuations. The question is whether this measure is viable.
I jumped in and said that Spain did this. It came to me yesterday from our office that I asked what the Spaniards did. They didn’t do capping, it’s not called capping what they did. The Spaniards are not even gas producers, they are importers. They said that the citizen pays a smaller amount. The price of gas in Spain is at the level of the European price on all stock exchanges, the difference is borne by the state budget. That’s what we do, it’s not a cap, but a subsidy given to citizens. That is what we will do “, Popescu declared.
He then said that if the price of some goods were capped, then they would not be sold on the market, because their producers will go to other markets where better prices.
“No one comes to invest in your country, to produce this commodity. Here is the clear example of the Black Sea gas. If we have the ceiling below the market, it is useless to take it out, because it is no longer profitable to sell. It must be very well thought out. The PSD project is not a capping project either, but a subsidy one “, Minister Virgil Popescu explained for B1 TV.
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