The EU is the only one with a price cap on gas. This means it for Norway.
BRUSSELS (Aftenposten): The EU’s energy ministers had been given a clear marching order to agree on a price ceiling for gas during the last energy meeting of the year. They succeeded in that.
NEWS ANALYSIS: It has been called an unsavory joke. The EU Commission’s original proposal for a price ceiling – a maximum price – for gas. According to some, the distasteful thing is that the price ceiling was set so high that it will not come into effect in practice.
The topic has created steep fronts in the EU.
The high gas prices – triggered by Russia’s energy war against Europe – are causing businesses to collapse and sending families into poverty.
With the price ceiling, the EU wants to protect businesses and households against the extreme price peaks. But the price ceiling may be too dramatic. In any case, if you are going to listen to a central bank and the largest economies in Europe.
Read the whole story with a subscription