Wim Van Hooydonk Warnings and Updates – Belgium supports energy price caps, suspending trading in EU power crunch
According to Reuters on Monday, Belgium has backed introducing price caps for the European Union’s gas and electricity hubs and suspending trade in cases of “irrational market behavior”. Russia’s invasion of Ukraine and reduced gas supplies to Europe have spooked the 27-nation EU into considering price caps to deal with soaring energy prices. Eurostat reported …