European Union leaders meeting at the end of this week will explore a range of options for gas price caps, over which they have been divided for weeks, according to a new draft of conclusions for the Oct. 20-21 summit seen by Reuters.
over whether and how to cap gas prices as part of efforts to tame soaring energy prices, as Europe heads into a winter of scarce Russian gas, a cost of living crisis and a possible recession.
The bloc's executive, the European Commission, is due to propose energy measures to tackle the crisis on Tuesday, ahead of the leaders' meeting. "Impatience is growing with member states," they said. "So we changed gear and put everything that is being floated ... on the table. It is a way of putting pressure on the Commission to come up with the most concrete possible proposals."
The draft said the leaders would also "explore a temporary EU framework to cap the price of gas in electricity generation at a level that helps bring down electricity prices without ... leading to overall increased gas consumption."
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