Will the gas price cap reduce security of supply? | DW News

Will the gas price cap reduce security of supply? | dw news

DW News published this video item, entitled “Will the gas price cap reduce security of supply? | DW News” – below is their description.

After months of negotiation, EU energy ministers reached a deal on setting a price cap for natural gas in the bloc. Germany and other countries that were hesitant to agree on a cap sought more safeguards to ensure it could be suspended if the policy led to negative consequences. The cap will come into effect from February next year. Some experts have criticised the move for artificially distorting the energy market.

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Germany, officially the Federal Republic of Germany, is a country in Central and Western Europe. It lies between the Baltic and North seas to the north, and the Alps to the south.

Germany is a federal parliamentary republic led by a chancellor. With over 83 million inhabitants of its 16 constituent states, it is the second-most populous country in Europe after Russia, as well as the most populous member state of the European Union. Its capital and largest city is Berlin, and its financial centre is Frankfurt; the largest urban area is the Ruhr.

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