Ad
EU commissioner for energy Kadri Simson said the plan could be "a powerful tool" (Photo: European Parliement)

'No substance' price ceiling for gas leaves everyone disgruntled

A European Commission proposal to limit the price of gas, which it presented ahead of a crucial meeting of energy ministers on Thursday (24 November), was immediately slammed by experts and politicians alike.

A group of 15 countries, including Spain and Greece, had pushed for a price ceiling to prevent gas prices from reaching the extreme heights seen in August.

But the commission plan capped the price at €275 per megawatt-hour and would only activate if prices exceeded that lev...

To read this story, log in or subscribe

Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.

Already a member? Login
Ad
Ad

Latest News