Ad
EU commissioner for energy Kadri Simson said the plan could be "a powerful tool" (Photo: European Parliement)

'No substance' price ceiling for gas leaves everyone disgruntled

A European Commission proposal to limit the price of gas, which it presented ahead of a crucial meeting of energy ministers on Thursday (24 November), was immediately slammed by experts and politicians alike.

A group of 15 countries, including Spain and Greece, had pushed for a price ceiling to prevent gas prices from reaching the extreme heights seen in August.

But the commission plan capped the price at €275 per megawatt-hour and would only activate if prices exceeded that lev...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here

Author Bio

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.

EU commissioner for energy Kadri Simson said the plan could be "a powerful tool" (Photo: European Parliement)

Tags

Author Bio

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.

Ad

Related articles

Ad
Ad