Italy Urges EU to Set Much Lower Cap on Natural Gas Prices

The EU needs to extend the cap on natural gas prices but set the cap at a much lower level, to avoid fresh shocks in energy bills, Italian Energy Security Minister Gilberto Pichetto Fratin told a local radio station on Friday. “At this point, the EU needs to renew the price cap, but lower the ceiling,” Pichetto Fratin told Radio Radicale. The European Union set at the start of 2023 an emergency cap on natural gas prices. This cap expires at the end of January 2025. The cap on gas prices, the so-called “market correction mechanism,”…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com