Highlights Next EU Council on Oct 20 Deeper reform ‘six months away’ EFET warns of damaging knock-on effects The European Commission has significant work to do on the design of a gas price cap ahead of the next EU Council on Oct. 20, Irish Prime Minister Micheal Martin said following an informal EU heads of state meeting in Prague Oct. 7. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Gas prices have fallen in recent weeks on the back of slowing storage needs, liquidity support and a drive by the European Commission to intervene to limit energy price increases. Europe’s gas price benchmark, the TTF month-ahead contract, traded Oct. 7 below Eur160/MWh, more than 50% lower than peaks seen in late August. “Very significant work needs to be done by the European Commission ahead of the next Council” on how to limit gas […]