Spain’s energy price cap becomes a model

Gazprom has once again successfully startled Europe’s capitals. Since the recent announcement of alleged turbine maintenance, the price of gas for December has risen by more than 14 percent, and the price of electricity for the coming year by almost 19 percent. The Czech presidency is now considering calling an extraordinary energy council. This was reported yesterday by the ČTK news agency after a press briefing by the Minister of Industry and Trade, Jozef Síkela. He was just recently hailed for his negotiating success at the end of July, when the EU energy ministers agreed on a common gas savings target.

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