EU Presents Plan For 200 Euro Price Cap On Non-Gas Generated Electricity

A draft proposal by Brussels looks to intervene in the worsening energy crisis by placing a price cap on electricity generated by non-natural gas power producers, according to Financial Times. The European Commission urged member states to cap the price of electricity via wind farms, nuclear reactors, and coal plants, all of which generate power free of NatGas, at a 200-euro megawatt hour limit.  Enforcing such a price cap would lead to "market outcomes that could be expected where global supply chains functioning normally and not subject…