All EU countries agree that the bloc should take steps to reduce skyrocketing energy prices -- but an emergency summit of energy ministers on Friday got bogged down in the details of how the policy would work.
According to the final minutes of the meeting, made available to POLITICO, the ministers expressed support for several key policy proposals presented earlier this week by European Commission President Ursula von der Leyen.
These include an excess profits tax on producers who do not use expensive natural gas to generate electricity, and a parallel profit rebate for fossil fuel companies that generate record profits, coordination of electricity consumption cuts across the bloc and the provision of emergency liquidity instruments to help energy companies cover high collateral costs for trading on public exchanges.
Ministers expressed general support for some form of natural gas price cap, but there was disagreement over whether the cap would apply to all imports or only to imports from Russia, as von der Leyen suggested this week.
There has also been disagreement over how to reduce energy demand. The commission wants it to be mandatory, but not all countries agree.
The request to relax state aid rules until the end of 2023 also featured prominently in the ministers' requests: it would allow governments to bail out weak companies facing the consequences of the situation around Ukraine.
In addition to the global price cap, the ministers also touched on another idea not proposed earlier this week by von der Leyen.
They called for sending a confidence signal to the electricity market by activating the EU's existing emergency brake on automatic increases in wholesale electricity prices.
These ideas have been sent to the Commission for further elaboration.
The main fight was over how to reduce the price of natural gas in real time, which has risen seven times since a year ago and has led to higher electricity prices. The commission proposed limiting only Russian gas, but many countries want it to apply to all imports.
Roberto Cingolani, Italy's minister for environmental transition, said that 15 countries are in favor of a price cap on all natural gas, with only three countries pushing for a cap for Russia and eight other ministers either opposed, neutral or concerned about the economic consequences.
Berlin, Amsterdam and the Commission are not thrilled with the idea.
For his part, a spokesman for Hungarian Foreign Minister Peter Szijjártó called the Russian gas price cap absurd.
According to Kadri Simson, the Commission will work with countries concerned that vengeful Moscow will cut off their gas supply, to find alternative supplies.
Despite these disagreements, French Energy Minister Agnès Pannier-Runacher expressed optimism about the general desire to move forward.

















