September 27, 2022 14:31 GMT
France has suggested the EU caps the price of gas used to produce electricity to tame surging energy costs.
- A number of EU countries are seeking deeper EU intervention to control soaring energy prices.
- "A price cap mechanism for gas used to produce electricity is currently the most effective and the least expensive measure to reduce electricity prices in Europe," the French proposal said.
- France said a gas price cap that would apply across European wholesale markets rather than just for gas-fuelled electricity could be considered, but was not the priority option.