Amid calls for more EU action to tackle rising energy prices, the European Commission tabled a legislative proposal to introduce a price cap on transactions on the EU’s fossil gas spot market on Tuesday 18 October as part of a new emergency gas package.
In concrete terms, if the text is adopted by the EU Council, the Commission would then be empowered to propose an EU Council Decision to establish a maximum dynamic price at which transactions on the fossil gas spot market can take place...