euractiv | LEAK: Brussels floats ["non-paper"] for capping gas [explosion] prices, 29 Sep

w"Establishing the appropriate level for the cap would be a challenging exercise due to internal and global market dynamics and entailing risks from the point of view of security of supply," the non-paper reads. "Furthermore, the risk of triggering supply disruptions from third-countries supplies is higher for a generalised wholesale price cap than it is for a price cap on the imports of pipeline gas."
[...]
Once again, it advocates for a cap on Russian gas imports, which currently make up 9% of EU supply

nope. Try again.

The European Commission says it is ready to discuss developing a temporary EU framework to limit the influence [?] of high gas prices on electricity prices.
[...]
Other ideas include engaging with "reliable supply partners" to reach a "common understanding" on reducing prices and a new "transactions-based LNG benchmark" to encourage more accurate pricing.

oh. prix fixe Nordic NG and US LNG racketeering for the world, now that EU's Russian gas pipes are empty. OK.

If this measure were to work, it would require creating a body at the EU level to replace the workings of the market and ensure gas is sent to places with scarce supply.

A price cap would also remove the financial incentive for consumers to reduce consumption, so there would need to be a "significantly more drastic" demand reduction framework, including curtailment, to address the increase in demand due to a lower price.

wut

The EU would also need to find "significant financial resources" to attract gas to Europe if global gas prices are higher than The Cap™.

The Commission non-paper can be consulted below or downloaded here.

Politico.eu.com | Germany introduces €200 billion gas price cap to counter Russia's 'energy war', 29 Sep dont-say-EU-embargo

Under the proposed scheme, the state will set a limit for [retail] gas prices and pay the difference between that [retail] cap and what gas importers pay on the world market.

dont-say-supply-challenged

"We want to clearly separate crisis spending from our regular budget management," Lindner said, insisting that the German government remained committed to a conservative fiscal policy that aims to limit inflation, which is expected to reach 10 percent in Germany.

"We want to send a very clear signal to the capital markets: Even if we now use such a defensive umbrella, Germany will stick to its stability-oriented, sustainability-oriented fiscal policy," Lindner said, adding: "German government bonds remain the gold standard in the world."

Politico.eu.com | EU announces Russian oil price cap in NEW! sanctions plan, 29 Sep dont-say-zero