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Added on the 19/12/2022 12:54:45 - Copyright : AFPTV - First images
European Union energy ministers meet in Brussels to debate measures to mitigate the energy crunch in Europe but are divided over a gas price cap proposal slammed by many as a "joke". The proposal, that would set a cap on gas prices at 275 euros per megawatt hour, was unveiled only 2 days ago. IMAGES
EU ministers have finalized a long-awaited deal to implement a natural gas price cap they hope will help households and businesses better weather excessive price surges. The Czech presidency of the European Council, which represents member countries, saying a deal had been reached. Under the agreement, the mechanism will kick off if prices exceed 180 euros per megawatt hour for three days. Once triggered, the mechanism will remain active for at least 20 days. FRANCE 24's correspondent in Brussels, Pierre Benazet, tells us more.
The European Commission has designed a cap on gas prices with very stringent conditions and safeguards attached.
Talks are taking place in Brussels on a proposal to set the ceiling for the price of Russian natural gas at €275 per megawatt hour. The plan has come under criticism from all sides for either being too complicated, too high or unnecessary. Meanwhile, the G7's plan to cap Russian oil prices will also be discussed. Also in the show, we take a look at one of the most prestigious brands in sport, which could soon be up for sale: Manchester United.
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