Plan to cap gas price in EU slammed as ‘joke’ by ministers – DW – 11/24/2022

The European Union kicked the can down the road at tense ministers’ talks on Thursday, which were dominated by the divisive issue of imposing a price cap on natural gas to shelter citizens and business from hugely elevated energy bills.

EU energy ministers meeting in Brussels widely panned a cap proposal cooked up by the European Commission, with several slamming it as a “joke” because the foreseen criteria are so high that it might never be activated. Other states, skeptical about the introduction of any such ceiling, warned of a risk to supply stability.

But the 27 member states did agree in principle on a joint gas purchasing platform for next year and the acceleration of permits for renewables — two much less controversial measures, Czech Energy Minister Jozef Sikela,…

Read the Full Article Here DW

Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

Leave a Reply

Your email address will not be published. Required fields are marked *

Harry Kane wore £520,000 RAINBOW Rolex as he arrived for England’s World Cup

Hilarious moment boyfriend dives into water after fumbling engagement ring