As Member States Roll out Different Support Schemes, Single Market Gets Fragmented

Gas-Tritis Last week, EU energy ministers approved a Council Regulation proposal to address high energy prices. The regulation focuses on the electricity prices and electricity demand reduction. They, according to EURATEX, miss the point of bringing gas prices down—the one measure that would bring the biggest impact on European industry. Erich Westendarp / Pixabay

By Subir Ghosh

Publication:

texfash

Dated Posted:

5 October 2022

Last Modified:

5 October 2022

On Tuesday, EURATEX, in a statement, described the European Commission’s hesitation to adopt a European price cap on natural gas, accompanied by massive national spending programmes to subsidise domestic gas consumption as a dereliction of duty. EURATEX Director-General Dirk Vantyghem tells texfash.com about the need for a plan at EU level, and not a situation where single member states compete with each other in launching national support programmes.

Read the original story on texfash.