A pan-European gas price cap is needed to tackle price fluctuations and curb volatility in the gas and electricity markets, said today the CEO of the French energy company Engie Kathryn McGregor.
“As a matter of urgency, I think it is really important to consider imposing a ceiling on wholesale gas prices at European level. This will make it possible to reduce volatility,” McGregor told a panel organized by the French government.
“We have never reached such levels before,” she said, referring to recent increases in European gas prices. “I think that is why it justifies a measure, a ceiling. We are in unusual circumstances.”
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
