EU Spars Over Gas Price Cap With Week to Go Before Key Decision
- Dutch price cap would rein in prices during filling season
- Energy ministers aim to reach price cap deal on Dec. 13
This article is for subscribers only.
European Union nations are still far apart on how to design a gas price cap with just a week to go before ministers are due to meet to try ironing out a deal.
The Czech Republic, which holds the rotating presidency of the EU, proposed a second compromise for a broader price cap -- lowering the intervention threshold to €220 ($231) from €275 suggested by the European Commission last month, according to a document seen by Bloomberg. A majority of member states had strongly criticized the level put forward by the bloc’s executive branch. Separately, two groups of countries have proposed their own solutions.