PM: Czechia would like to see cap on gas prices for electricity production

The EU energy package being debated still lacks an explicit proposal to cap the price of gas for electricity production, Prime Minister Petr Fiala said at a meeting of the European Affairs Committee in the lower house where he presented Czechia’s position for the European Council meeting in Brussels, scheduled for Thursday and Friday. Key elements, according to Fiala, are joint gas purchases, the creation of an alternative benchmark for calculating gas prices, a price correction mechanism for cases of extreme market fluctuations and strengthening solidarity between member states in the event of a supply shortfall.