Does a cap fit?

Matt Drinkwater Manager Gas and Power Analysis at Argus speaks to Natasha Fielding Editor, Gas and Justin Colley Editor Electricity at Argus on policy interventions EU lawmakers are considering and the volatility in the gas and power markets. Extremely high gas and power prices since the spring have prompted EU lawmakers to generate some radical ideas for policy intervention, in an effort to shield citizens from eye-watering utility bills. These proposals will be refined in the coming months, just as Europe navigates through what many fear may be the most difficult winter in recent memory. In this podcast, we consider these policy ideas and discuss how the winter might play out, which may end up defining the shape of Europe’s gas and power markets for years to come. What has happened in Europe’s gas and power markets since early October when EU policy intervention proposals first circulated? What are the biggest issues involved with some of the proposals on the table, in which price caps feature heavily? How might the landscape of Europe’s gas and power markets look at the close of this winter, when some of the proposals might have made their way through the legislative process?