It is noted that experts called the proposed plan almost useless.
According to the publication, several diplomats from those EU countries that support the restriction called the ceiling proposed by the EC "too high for their governments" to agree to accept it.
Another senior EU diplomat believes that a gas price ceiling above €250 per MWh is “just one more way to kill the cap.”
On November 22, European Commissioner Kadri Simson announced that the European Commission is proposing to set a price ceiling for the monthly gas futures on the TTF hub index at €275 per MWh.