Greece Suggests Price-Cap to Address Energy Price Surge
- PM says immediate ban on Russian gas imports isn’t realistic
- Proposals come ahead of an EU summit to discuss the issue
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Greece proposes a six-point plan to address the energy price surge, including a price-cap mechanism, while saying that an immediate ban on Russian natural gas imports isn’t realistic.
The Greek government suggests a market intervention that should “protect proper functioning of the gas wholesale market, which has been under considerable stress following the deepening conflict in Ukraine with severe side effects in the electricity produced by gas as well,” the letter, sent to European Commission’s President Ursula von der Leyen by Greek Prime Minister Kyriakos Mitsotakis, said.