EU ministers fail again on gas price cap to contain costs

KIFI

Published December 13, 2022 4:29 AM

By RAF CASERT
Associated Press

BRUSSELS (AP) — European Union energy ministers have failed yet again to overcome their deep differences on a natural gas price cap that many hope would make utility bills cheaper so people can stay a little warmer during harsh winter days. The ministers emerged from their fifth emergency meeting emptyhanded Tuesday because they cannot come to agreement on a maximum ceiling to pay for gas due to fear that global suppliers will simply bypass Europe when others offer more money. German minister Robert Habeck said that “there was lots of progress but no final breakthrough yet.”

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.