German Commission Proposes 12 Euro Cent Gas Price Cap

An expert gas commission in Germany has submitted a final proposal to the government, calling for a gas price cap at 12 euros cents per kilowatt hour to cover 80% of household gas consumption beginning in March and running until April 2024, Reuters reports.  The gas price cap is meant to aid households that are now dealing with gas prices that are over 2.5 times higher than this time last year as soaring energy prices risk industrial shutdowns and job losses in the wake of Russia’s invasion of Ukraine. The proposal, if accepted by the…