Germany leads a small camp refusing calls from 15 countries to cap gas prices, saying it would risk suppliers freezing Europe out, and reduce incentives for energy saving.
, although laws to make this happen will need to be negotiated over the coming weeks.
“We are asked to show solidarity in sharing energy but there is no solidarity on our calls for containing prices,” Italy’s prime minister, Mario Draghi, told his peers, according to an EU official familiar with the closed-door discussions. “Solidarity should not just be on supply – it should also be on prices,” he told the gathering, according to the official.
It said this should include a “cost and benefit analysis” of capping gas prices for the power sector, reflecting concerns of some that it could boost gas use or divert electricity exports to non-EU countries like Britain that do not have the cap.Anticipating protracted talks over the gas price cap question, Dutch Prime Minister Mark Rutte told journalists as he arrived in Brussels, “I think we could be in for a long night.
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