The Green Brief: Why Brussels hates price caps on fossil fuels

Euractiv | Nov 2, 2022 at 9:55 AM
  • Electricity prices in Spain rose by 32.2% during the first half of 2022, an increase of more than double the average of other EU countries (13%).
  • Solar Power Europe, an industry association, has warned the European Commission against an emergency price cap on gas used for electricity production as well as longer-term plans to reform the EU power market.
  • The European Investment Bank (EIB) announced a new plan on Wednesday (26 October) that will see additional loans and equity financing for investments in energy efficiency, renewables, grids, electric-vehicle charging infrastructure, storage, and breakthrough technologies such as low-carbon hydrogen..