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The Guardian - UK
The Guardian - UK
Business
Alex Lawson Energy correspondent

EU proposes to cap ‘excessive and volatile’ gas prices this winter

Euro notes and coins with an electricity bill on an electric hob
The EU’s action on gas prices aims to protect consumers. Photograph: Jonathan Raa/NurPhoto/Rex/Shutterstock

The EU has proposed a cap on “excessive and volatile” gas prices this winter as part of a package to protect consumers.

Brussels has put forward a new mechanism to control prices by blocking transactions above a certain level, which can be triggered “when needed”.

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