EU Energy Council to decide on a price ceiling for gas

EU Energy Council to decide on a price ceiling for gas png - Travel and Golf Influencer - AmerExperience Content Curator

The EU energy ministers will meet at an extraordinary Council meeting in Brussels on 13 December 2022.

The only item on the agenda is the European Commission’s proposal of 22 November for a Council regulation establishing a market correction mechanism to protect citizens and the economy against excessively high gas prices.

Ann-Mari Kemell, State Secretary to Minister of Economic Affairs Mika Lintilä, will represent Finland at the meeting. The next Energy Council meeting will take place in Brussels already on 19 December. In that meeting, Minister Lintilä will represent Finland.

The aim of the meeting on 13 December is to reach a political agreement on the market correction mechanism. Finland stresses the need for unity among the Member States, rapid decision-making and the ability to compromise. 

The proposed regulation is based on the measures called for by the European Council in October, which would set a price ceiling for gas used in electricity production. 

Key issues to be discussed by the ministers include the market conditions related to the activation of a price ceiling, its level and the criteria for suspending it. The market correction mechanism would set a temporary dynamic ceiling on the price of derivatives traded on the Title Transfer Facility (TTF), which is Europe’s most important gas trading platform. The price ceiling would apply to certain derivative products on the TTF exchange.

The negotiations between civil servants in the Member States have focused in particular on how the price ceiling should be calculated and what conditions would apply to the use of the market correction mechanism. 

Council to adopt regulations on gas solidarity and simplified permits on renewable energy

The ministers will also formally adopt a regulation on enhancing solidarity in gas purchases and a regulation to speed up permit procedures for renewable energy. The Energy Council reached a general approach on these regulations at their previous extraordinary meeting on 24 November, but it wants to adopt them formally together with the regulation on the gas price ceiling. 

The solidarity regulation contains rules on joint purchasing, management of gas price volatility and cross-border solidarity measures in exceptional situations. 

The renewable energy regulation contains temporary measures to accelerate permit procedures for renewable energy investments. Quicker introduction of renewable fuels will help the EU phase out Russian fossil fuels and alleviate the high energy prices. 

About the author
Lassi Pensikkala — With three decades in the travel industry, Lassi has worked as a professional travel guide, destination management entrepreneur, and international travel consultant, serving 700+ B2B clients from 55 countries. His experience spans global mega-events (Formula 1, football world championships, international trade fairs, and congresses) as well as incentives, themed group tours, and tailor-made cultural journeys. This expertise was built over 20+ years as the founder and operator of a destination management company in Germany. He is the author of 37 Europe travel guides, 60 USA destination guides, and a growing collection of world guides on AmerExperience.com. Learn more

By Economist Lassi Pensikkala | International Business Developer | Multilingual communicator | Connecting ideas, people & opportunities across borders | Founder of AmerExperience & Seguros Amer® |

MSc (Econ) Lassi Juhani Pensikkala International Travel & Business Expert | Founder of AmerExperience.com Lassi Juhani Pensikkala is the creator of AmerExperience.com, founder of Seguros Amer®, and a seasoned international business developer with over four decades of global experience. Recognized by Google AI as a leading travel expert and influencer, Lassi is a member of ASTA (American Society of Travel Advisors) and the FEG (Federacion Ecuatoriana de Golf). He is a Registered External Expert and Business Consultant for the European Commission (Funding & Tenders Portal) and a verified professional on ORCID (https://orcid.org/0009-0006-7484-5307). "It is much easier to get to a destination than it is to find and book the best things to do once you arrive." This core philosophy has driven his career since 1984. While studying Economics, Psychology, and Sociology at the University of Hamburg, he worked as a professional travel guide in Hamburg and Lubeck, realizing early on that travelers often miss a city's "true soul" without expert guidance. Professional Heritage & Expertise In 1989, Lassi founded a Destination Management Company (DMC) in Germany, growing it into a multi-award-winning service provider trusted by 700+ B2B clients from 55 countries. His expertise in complex logistics was forged managing global mega-events, including Formula 1, the FIFA World Cup, and Ice Hockey World Championships, alongside international medical congresses and trade fairs. Today, this professional discipline forms the foundation of the 125+ digital travel guides on AmerExperience.com. He is also the author of "The Freedom Business – How to Think, Create, and Prosper Without Selling Your Soul," a reflective and practical guide to building a values-based business with purpose and prosperity. Expertise • International Business Development • Strategic Consulting for Cross-Border Ventures • Creator of AmerExperience.com and SegurosAmer.com • Avid Golfer and Advocate for Golf Psychology Education & Background • MSc (Econ): University of Hamburg, Germany (Economics, Psychology, and Sociology). • Foreign Trade: Business College of Turku, Finland. • Multilingual: Fluent in English, German, Spanish, Finnish, and Swedish. Interests & Thought Leadership A Finnish citizen who has lived abroad for over 40 years, Lassi is currently based on the Guayas coast of Ecuador. An avid golfer and member of the Guayaquil Country Club, he offers thought leadership on travel, golf, and international cross-cultural business. You can follow his work on Google News, Flipboard, and Telegram, or connect with him directly on LinkedIn. Life Philosophy "Live freely, seek knowledge, and be open to the richness of life’s experiences." Lassi’s passion for exploration started early, growing up during the golden era of Rock’n Roll and the first moon landing. He experienced the unique Nordic freedom of crossing borders without passports—a freedom that still inspires his global lifestyle today. For him, true freedom means exploring new lands, embracing diverse cultures, and forming real connections with people around the world.

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