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European Union executive proposes gas price cap at 275 euros/MWh

Por: CNBC Business November 22, 2022

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European gas prices are expected to drop in the coming months.Krisztian Bocsi Bloomberg Getty ImagesThe European Union executive on Tuesday proposed a gas price cap for the bloc at 275 euros ($282) per megawatt hour for month-ahead derivatives on the Dutch exchange that serve as Europe's benchmark.The idea to cap prices has divided EU countries for many months and diplomats said the level proposed on Tuesday was unlikely to be popular when... + full article



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