Síkela: EU must separate gas and electricity prices to keep latter down

The Czech minister of industry and trade, Jozef Síkela, said on Monday that Europe must separate gas prices from electricity prices. Speaking ahead of a meeting of EU energy ministers that he has convened for September 9, Mr. Síkela said they would discuss setting a cap on prices of gas, which is used to produce electricity.

The minister said this would be a functional and relatively affordable method of reining in electricity prices.

Mr. Síkela said there would be a need for greater fluidity in the energy market and for market interventions, which states could make in cooperation with energy traders.

Czechia currently holds the revolving presidency of the European Council.