EU Chief Offers Gas Price Cap Before Leaders Meeting
- European Commission’s von der Leyen speaks to EU lawmakers
- Plan for road map for leaders to tackle energy crisis
Ursula von der Leyen delivers a speech at the European Parliament on Oct. 5.
Photographer: Frederick Florin/AFP/Getty Images
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Ursula von der Leyen, president of the European Commission, signaled she’s open to discussing a temporary broad price cap on gas and called for boosting common funding for the European Union’s strategy to shift away from Russian fossil fuels.
The EU has already taken the first concrete steps to limit soaring power and gas prices, and ensure alternative sources of gas supply after Russia curbed shipments following its invasion of Ukraine. The 27-nation bloc should now move further, strengthening the RePowerEU strategy to win energy independence, von der Leyen told members of the European Parliament on Wednesday.