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Paige Fusco

Hard Numbers: EU caps gas price, Canada wants immigrants, Iran enriches uranium, Serbs snub Kosovo plates

275: The EU unveiled its first-ever cap on natural gas prices to curb rising costs due in part to Russia's war in Ukraine. But it'll only kick in if the benchmark price of Dutch futures reaches 275 euros ($282.4) per megawatt-hour for two weeks or is 58 euros higher than the gas market reference for 10 consecutive trading days.

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Paige Fusco

With electric bills soaring, should the EU cap natural gas prices?

Energy prices in the EU have skyrocketed since Russia invaded Ukraine. This week, the cost of electricity across the bloc reached 10 times the decade-long average — mainly due to surging gas prices as a result of Moscow cutting natural gas supplies as payback for sanctions.

As consumers feel the pinch, EU leaders are now under intense pressure to do something to tame runaway energy costs. One way is putting a cap on gas prices for electricity.

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