Seven EU Countries Make Fresh Push for Dynamic Gas Price Cap
- Italy, Greece among call for changes to EU plan before Dec. 13
- Czech Presidency of EU proposes cutting cap’s trigger period
Gas meters outside residential buildings in Rome.
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
Seven European Union member states are pushing for a more effective cap on gas prices, arguing that the one on offer is unlikely to help consumers afford their energy bills.
With less than two weeks to go before energy ministers aim to reach an agreement, countries including Italy, Belgium and Greece are pushing for a tighter price cap that moves with rates set at key international hubs, according to a document seen by Bloomberg.