EU leaders debate gas price cap as north-south energy rifts deepen

“After focusing on electricity market interventions in September, the European Commission has now turned to measures to tame gas prices,” says Elisabetta Cornago, a researcher at the Centre for European Reform, a think-tank. “Price limits for gas transactions on the TTF exchange may be difficult to implement and might risk muddling incentives to save energy. Joint procurement of gas instead is a smart approach to negotiate more convenient gas prices, which should ultimately benefit consumers.”