EU energy ministers entered a council meeting disgruntled on Thursday (24 November), where they were scheduled to discuss a widely derided EU Commission proposal to cap the gas price at €275 per megawatt-hour.
The plan had been criticised by experts and politicians alike, who pointed out the ceiling was put at such a high level it was unlikely ever to apply. Both the Spanish and the Polish energy ministers already described the cap as a "joke" in media ahead of the meeting.
"I ex...
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Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.