Brussels has outlined plans for caps on wholesale gas prices to tackle a widening energy crisis and curb inflation as the Kremlin seeks to ramp up pressure on western Europe.
In a document seen by the Financial Times on Monday, the European Commission’s energy agency recommends member states implement “emergency wholesale price cap” measures on gas supplies and sets out two options for doing so.
One involves putting a limit on what can be paid for gas imported from Russia. A second would introduce a capping system that would differ from country to country depending on their energy mix.
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