EU Wary of Broad Gas Price Cap in Plan to Tame Energy Crisis
- Commission seeks to control market volatility, aid liquidity
- EU aims to avoid supply security risks and increases in demand
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The European Union’s executive arm will outline further action to contain an unprecedented energy crunch in a plan that is set to avoid capping gas prices.
The European Commission aims to publish Sept. 28 a document detailing future steps to ease volatility and increase trading volume in energy markets after surging prices led to ballooning margin calls, in addition to measures that the bloc could take to reduce fuel prices, according to EU diplomats.