The question of how, when and whether to cap gas prices is set to dominate another meeting of European Union countries on Wednesday, as they pursue a joint plan to target high gas prices - a compromise that has eluded them for weeks.
High-voltage power lines, an electricity pylon and wind turbines are seen near Pedrola, Spain, December 12, 2021. Picture taken on December 12, 2021.
Talks among EU leaders last week did little to clarify the next steps. Those discussions "went in all directions", one EU diplomat said - referring to the numerous options being floated, including a price cap on all gas, pipeline gas, or just gas used to produce electricity. Others were more hopeful a consensus was emerging. The senior EU official said countries were leaning towards the "Iberian model" of capping the price of gas used for power generation as a quick fix.
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