European co*mission will present proposal on gas price cap on Tuesday – Czech minister
[html]PRAGUE (Reuters) – The European co*mission will present a proposal on a mechanism to cap gas prices on Tuesday, Industry and Trade…
PRAGUE (Reuters) – The European co*mission will present a proposal on a mechanism to cap gas prices on Tuesday, Industry and Trade Minister Jozef Sikela of the Czech Republic, which holds the EU’s rotating presidency, said on Monday.
According to a draft proposal, seen by Reuters, the co*mission is set to propose a last-resort “dynamic” price cap for natural gas in the European Union and mandatory limits on the degree to which traded prices can fluctuate in a single day.
(Reporting by Robert Muller, writing by Jan Lopatka; Editing by Toby Chopra)
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