The Latest Breaking News from Gas Prices

EU countries agree gas price cap to battle energy crisis

The 27-nation bloc has agreed to trigger a cap if gas prices exceed 180 euros per megawatt hour for three days.

Al Jazeera · Dec 19, 2022

EU Countries Agree Gas Price Cap to Contain Energy Crisis

European Union energy ministers on Monday agreed a gas price cap, after weeks of talks on the emergency measure that has split opinion across the bloc as it seeks to tame the energy crisis. The cap is the 27-country EU's latest attempt to lower gas prices that have pushed citizens'…

Asharq Al-Awsat · Dec 19, 2022

Rishi Sunak scraps energy supply taskforce set up by Liz Truss

Government shelves plan to secure long-term contracts because ‘locking in while gas prices are this high doesn’t make sense’

The Guardian - UK · Dec 17, 2022

Albanese government’s energy bill passes Senate as Dutton warns price caps will be ‘catastrophic’ for economy

Prime minister says opposition’s stance was a vote for high power prices after package capping gas prices and funding consumer rebates is legislated

The Guardian - AU · Dec 15, 2022

Government imposes one-year price cap on gas, but Australians still face hundreds in energy bill rises

An extraordinary move to temporarily cap gas prices will slow runaway electricity costs, but Australians should still expect to see their bills increase next year.

ABC News · Dec 14, 2022

What is inflation and what is its current rate in the UK and Europe?

UK inflation hit a 41-year high in October as gas prices soar

The Independent UK · Dec 14, 2022

Plan to cap gas and coal prices wins enough support to pass parliament

The federal Greens are lending their support to a plan to cap coal and gas prices and provide energy bill relief in return for a funding package to help households and businesses get off gas faster.

ABC News · Dec 14, 2022

When will global gas prices go down to pre-Ukraine war levels?

Energy analysts explain why much of the world can expect high prices for at least the next two years.

Al Jazeera · Dec 13, 2022

EU delays decision on natural gas price cap, countries still at odds

European Union energy ministers meeting in Brussels on Tuesday failed to strike a final deal on a bloc-wide cap on natural gas prices, after months of debate between countries over whether the measure can ease Europe's energy crisis.

Reuters · Dec 13, 2022

Brickbat: Flatlining

The German government is denying reports that it plans to ban energy price increases next year. Rather, it says it plans to require energy companies to prove that any increases in electricity or natural gas prices are necessary before it will allow them. Companies would have to prove that they…

Reason · Dec 12, 2022