Europe’s gas price cap can be bypassed by energy companies and may not lower bills, analysts say

A gas price cap agreed by the European Union is easy to avoid and unlikely to meet the bloc’s goal of lowering energy prices, analysts and market participants said.

After months of wrangling over the idea, EU countries on Monday agreed on a gas price cap, which will be triggered if the European benchmark gas price exceeds 180 euros per megawatt hour and stays 35 euros per MWh above the price of liquefied natural gas for three days.

https://www.independent.ie/business/world/europes-gas-price-cap-can-be-skirted-by-energy-firms-and-may-not-cut-bills-say-analysts-42234452.html Europe’s gas price cap can be bypassed by energy companies and may not lower bills, analysts say

Fry Electronics Team

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