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EU Faces Discord Over Its Plan to Cap Gas Prices

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Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.

Europe’s energy policy is in for a wild ride. EU ministers are trying to sign off on suite of emergency measures when they meet in Brussels today, but it won’t wrap up without a spat. In the run-up, several member states had pushed the Commission to come up with a concrete plan for a gas-price cap as part of the package. But the proposal, published on Tuesday, is unlikely to ever be used because its unrealistically strict conditions are finding few fans among European leaders. Poland’s Prime Minister Mateusz Morawiecki said yesterday that he has “mixed feelings” about it, calling its high level “a cause for concern.” Spain’s energy chief Teresa Ribera went further, saying the proposal was a “mockery,” while officials at France’s energy transition ministry called it “insufficient.”