Commodities and Futures News
European Commission will present proposal on gas price cap on Tuesday – Czech minister
2022.10.17 09:25
© Reuters. FILE PHOTO: Czech Republic’s Deputy Prime Minister Jozef Sikela holds a news conference after a European Union Energy Ministers meeting on high energy prices, in Brussels, Belgium September 30, 2022. REUTERS/Yves Herman
PRAGUE (Reuters) – The European Commission 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 Commission is set to propose a last-resort “dynamic” price cap for in the European Union and mandatory limits on the degree to which traded prices can fluctuate in a single day.
