EU energy ministers fail to agree on a cap for natural gas prices. New emergency meeting due in mid-December. European Commission proposed a cap at 275 euros per megawatt hour. Poland, Spain and Greece say this proposal is not realistic as it is so high that it is unlikely to ever be triggered.’The gas price cap which is in the document currently doesn’t satisfy any single country. It’s a kind of joke for us,’ Anna Moskwa, Poland’s minister for climate, said in Brussels Thursday. Energy ministers are expected to meet again on Dec. 13, just before the heads of state meet in Brussels for their final EU summit of the year. Until then, the commission’s proposal is likely to suffer alterations in the hope of . . .
Read more at www.cnbc.com
