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The draft, seen by Reuters, would trigger a cap if prices on the Dutch Title Transfer Facility (TTF) gas hub's front-month contract exceed 188 euros per megawatt hour for three days - far lower than the 275 eur/MWh originally proposed by the European Commission last month. Roughly a dozen countries, including Belgium, Poland and Greece, have demanded a cap below 200 eur/MWh to tackle the high gas prices that have inflated citizens' energy bills and stoked record-high inflation this year after Russia cut off most of its gas deliveries to Europe. ....
The European response to the U.S. Inflation Reduction Act should involve boosting efforts to develop an ambitious green industrial policy agenda, according to a joint German-French proposal provided to Reuters by the German economy ministry. "Our common ambition is clear: to have the EU gain undisputable leadership on green industry. ....
Germany is not standing in the way of the European Union s solution to the energy crisis, Economy Minister Robert Habeck told the Handelsblatt daily on Thursday in response to criticism about his. | November 24, 2022 ....