The EU’s task to reach an agreement on a cap on gas prices is proving to be controversial.

EU energy ministers came together in an emergency meeting in Brussels on Thursday to seek a political agreement on rules that could lead to “better coordination” of gas purchases and “reliable” price benchmarks.

The European Commission has proposed a year-long system for capping prices once they exceed a designated rate.

However, countries, including Belgium, Malta, Greece and Poland, reportedly oppose a proposal to cap gas prices at €275 (£236) per MWh.

Belgian Energy Minister this proposal was ‘unsatisfactory’ – Tinne Van der Straeten told reporters: “The text that is on the table is unsatisfactory (…) it doesn’t clearly say if it will have an effect on prices.”

Article source: https://www.energylivenews.com/2022/11/25/is-the-eu-struggling-to-agree-on-a-gas-price-cap/