The EU’s price cap on natural gas is an untested tool that may not work as intended to prevent gas price spikes for European households and businesses, the head of the European Union Agency for the Cooperation of Energy Regulators (ACER) told the Financial Times. The gas price cap is “a difficult creature. It’s unprecedented, it’s untested,” ACER’s director Christian Zinglersen told FT after the EU energy ministers agreed to set a cap on the benchmark EU gas price as of the middle of February 2023. …
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