- A price cap on gas could be a “temporary solution” to the energy crisis while Brussels works on a new price index that better reflects the growing importance of liquified natural gas (LNG), European Commission President Ursula von der Leyen said on Wednesday (5 October).
- A cap must be “designed properly to ensure security of supply” and it must be temporary while the price mechanism is fixed, von der Leyen insisted.
- A similar price cap introduced in Spain and Portugal has artificially pushed up gas demand for electricity generation, and the Commission wants to avoid this by ensuring the price cap is complemented by additional gas saving measures.
EU chief open to gas price cap as ‘temporary solution’ to energy crisis
