EU Ministers Agree On Gas Price Cap Of €180 MWh ...Middle East

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EU Ministers Agree On Gas Price Cap Of €180 MWh
source : OILPRICE ( Middle East ) () 30
After initially hitting a dead-end amid deep divisions, EU ministers have finally reached an agreement to implement a  gas price cap of €180/MWh, far lower than the €275/MWh trigger originally suggested by the European Commission. Pro-cap countries including Poland, Belgium and Greece had dismissed the original cap proposal as too high, arguing that it needs to be below €200/MWh if it is to tackle the high gas prices that the continent has grappled with this year.  Interestingly, Germany has also voted to support the price…

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