Capping gas prices: why Europe cannot agree

  • Post category:Economy News
  • Reading time:4 mins read

The mechanism proposed by the Commission does not pass either to the supporters of the ceiling, nor to its opponents. This blocks the formal adoption of common European gas purchases and the acceleration of permits for renewables, on which the energy ministers have nevertheless agreed. See you on December 13 for a new advice.

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Journalist in the Economy department

Reading time: 2 mins

Lhe energy ministers of the 27 met in Brussels on Thursday for an extraordinary council meeting. On the menu: new measures to try to stem the energy crisis that has shaken the Old Continent since the outbreak of the invasion of Ukraine by Russia. It was the seventh time that the ministers had met since the start of the school year in early September to discuss three points: group purchases of gas at EU level and strengthening solidarity between member states in the event of a shortage; the acceleration of procedures for granting permits for the deployment of renewable energies (“permitting”); and, the trickiest, setting a cap on gas markets to curb soaring prices. But consumers, to whom governments have promised to act at European level to lower bills, still do not see any white smoke.

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