- European Commission President Ursula von der Leyen on Wednesday set out a number of measures to help deal with spiraling energy costs in Europe, among them a price cap on Russian gas.
- The head of the EU executive pointed out that it was during periods of peak demand that expensive gas had to be brought in to the market and spoke of there being a mandatory reduction target to limit the need for gas.
- Von der Leyen proposed a cap on revenue of other electricity producers currently profiting from the European electricity market skewed by the impact of sanctions on Russian gas and the European drought’s impact on nuclear and hydropower output.
EU chief proposes price cap on Russian gas to help deal with energy crisis 07.09.2022
