EU: The gas price cap is coming – unfortunately – opinion

So now the gas price cap is really coming: from mid-February, the EU can ban gas traders and suppliers from concluding contracts above a variable upper limit of at least 178 euros per megawatt hour. The 27 energy ministers discussed the exact amount at length on Monday. However, the limit will not initially lower consumers’ energy bills. After all, the gas price is currently around 110 euros on the most important European stock exchange.