The EU Commission wants to lower energy prices

Brussels The days are getting shorter, the worries bigger. Dissatisfaction with expensive electricity and high heating costs is bringing left and right-wing groups together, and protests are threatening all over Europe. The governments in the EU countries are trying to calm down their populations with massive relief packages.

At the weekend, the traffic light coalition presented a 64 billion euro package that envisages direct payments for pensioners and students, an electricity price brake, aid for companies and the skimming off of random profits.

But the main problem, the exorbitant rise in gas prices, remains unsolved.

>> Read here: How the system of random profits and electricity price brake could work

Now the EU Commission is reacting. The Brussels authorities are working on a gas price cap. This is shown by an internal paper that is available to the Handelsblatt. In it, the Commission proposes two options:

• The first option is a price cap for importing Russian gas.
• The second variant is a wholesale price cap for gas in certain European countries.