After initially hitting a dead-end amid deep divisions, EU ministers have finally reached an agreement to implement a gas price cap of €180/MWh, far lower than the €275/MWh trigger originally suggested by the European Commission. Pro-cap countries including Poland, Belgium and Greece had dismissed the original cap proposal as too high, arguing that it needs to be below €200/MWh if it is to tackle the high gas prices that the continent has grappled with this year.
Interestingly, Germany has also voted to support the price…EU Ministers Agree On Gas Price Cap Of €180 MWh
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