Bloomberg: Czech Republic will offer tools to curb electricity prices

MOSCOW, September 5 – PRIME. The Czech Republic plans to put forward for discussion in the EU several tools to combat rising electricity prices, Bloomberg reports, citing the draft document.

Novak said that gas prices in Russia are 40 times lower than European ones

“It is very important to take stock of market developments and identify possible measures to address the problem of high electricity prices caused by high gas prices,” the text says.

In Prague, they believe that the upcoming heating season will test the stability of the European energy market, the newspaper writes.

According to the information, the proposed measures include, among other things, a temporary limitation of the cost of gas, the introduction of a price ceiling for Russian fuel, and the suspension of trading in energy derivatives.

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In addition, the Czech Republic will offer to open an urgent pan-European credit line for energy market participants who have encountered serious difficulties.


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