EU regulator issues warning on gas price cap ...News

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EU regulator issues warning on gas price cap
source : Russia Today ( News ) () 28
Christian Zinglersen labeled the mechanism ‘a difficult creature’ and expressed doubt it could be useful in tackling price swings The EU price cap on natural gas is unlikely to lower costs for consumers and businesses if countries continue to rush to replenish their depleted reserves, the head of the EU Agency for the Cooperation of Energy Regulators (ACER), Christian Zinglersen, has warned.    In an interview with the Financial Times on Tuesday Zinglersen called the so-called ‘market correction mechanism’ agreed by the bloc’s ministers “unprecedented, untested.” He expressed doubt that it could help prevent the t

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