EU eyes gas-price cap – media ...News

Brussels may allow EU members to cap gas prices for consumers in case of Russian supply cut The European Commission may waive competition regulation in order to let EU nations put caps on gas prices for consumers if Russian gas supplies stop, German newspaper Welt am Sonntag reported on Saturday. According to the commission document on “short-term energy market interventions,” seen by the media, EU member states should be allowed to regulate prices for a transitional period to protect consumers from spiking. “The financing of this intervention requires significant sums,” the document reportedly reads.Earlier this

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Last updated : 14 May 2022 clock 06:45 PM

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EU eyes gas-price cap – media ...News

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