Council wants flexible gas price cap

The EU member states want to place a tighter limit on the European gas price while allowing an automatic, daily increase in the price cap. On the one hand, the limit for bids is to be lowered further – to €220. That’s according to the Czech presidency’s second revision, which was available to Europe.Table yesterday. The Commission had proposed €275; in a first revision, the Council wanted to lower the limit only slightly to €264.