Viewpoint: Price Cap, German Subsidies Strain EU Solidarity

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Europe has once again postponed making a decision on capping the price of natural gas, with the delay blamed unsurprisingly on intra-bloc disagreements over its implementation. Price cap proposals will be debated again at a new EU energy minister gathering on Dec. 13. But while the EU squabbles over what is anticipated to be a largely toothless measure, the continent has dodged seriously tackling a lack of unity in finding a joint solution to the current energy crisis. Instead of continuing focus on controversial market interventions, Brussels should use its limited political capital to help align the disjointed array of country-level subsidies and bailouts that have been put in place to date so that the internal energy market, and ultimately the EU economy, is not torn apart.

Ukraine Crisis, Policy and Regulation, Gas Supply, Gas Prices
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