The European Union needs to quickly intervene in its gas and energy markets, including by imposing a price cap on wholesale gas, to avoid a spiral of deindustrialization and social unrest amid sky-high energy prices, Belgium’s Prime Minister Alexander De Croo told the Financial Times in comments published on Thursday. The EU will look to reform the electricity market to decouple the dominant influence of gas on the price of electricity, European Commission President Ursula von der Leyen said in the middle of September. “These…
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