The EU is considering subsidising or capping natural gas prices among a series of measures that could “deliver relief now” to the increase in European energy prices caused by conflict in the Middle East, Commission president Ursula von der Leyen said on Wednesday.
Von der Leyen told the European parliament in Strasbourg that caps or subsidies could be used to lower the impact when gas sets the price of electricity, which happens when intermittent renewables do not supply enough power to the grid.
“It is crucial that we reduce the cost impact,” she said.
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