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Viewpoint: Price Cap, German Subsidies Strain EU Solidarity

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EU,Energy,Shortage,Economy,Crisis,Natural,Gas,Flame,European,Union,Price,Cap

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.

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