Later this week, the European Commission will outline its proposal for a temporary cap on gas prices - known as the ‘market correction mechanism’ - and a legislative proposal “swiftly afterwards”, EU Commissioner for Energy Kadri Simson said on Twitter on Friday 11 November.
The tweet follows a joint letter from Commission President Ursula von der Leyen and Czech Prime Minister Petr Fiala - whose country currently holds the rotating Presidency of the EU Council - in response to...