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The European Commission Cautions Against A Natural Gas Price Cap

Started by forex4you, Oct 25, 2022, 11:17 am

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The European Commission Cautions Against A Natural Gas Price Cap

The European Commission has issued a warning about the potential negative impacts of a price cap on natural gas used for power generation, saying this could encourage higher consumption and exports of subsidized electricity. This is according to a Reuters report that cited a document from the latest meeting of EU energy ministers to discuss ways of reining in the energy crisis. Per the document, if the EU approves a price cap on the natural gas it uses for power generation, this could lead to an increase in gas consumption of some 9 billion cubic...


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