Gas Price Freeze Needed to Avoid Decade of ‘Terrible’ Winters - EU MinisterWithout a price cap, “the next five to 10 winters will be terrible,” according to Belgian Energy Minister Tinne Van der Straeten - also declaring, “the time for talking is over, now it is time to decide.”
A price cap could help cut skyrocketing energy bills by €770 ($770), according to the official, pressing the need for gas and electricity price reform.
The energy crisis is “no longer tenable for companies and families”, he added - “the European energy market is failing and urgently needs reform. Electricity is produced as cheaply as last year but sold at record prices”.
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