November 05, 2024 13:40 (IST)
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EU proposes gas price cap at 275 euros/MWh as 'last resort'

EU proposes gas price cap at 275 euros/MWh as 'last resort'

Brussels/IBNS: A European gas price cap at 275 euros (283 US dollars) per megawatt hour (MWh) has been proposed Tuesday, Energy Commissioner Kadri Simson announced in Strasbourg, France.