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The European Commission proposes a price cap on wholesale gas at 275€/MWh that is disappointing for European textiles and clothing manufacturers

On Tuesday, EURATEX stated in a letter to EC President, Ursula von der Leyen, that any price cap above the level of 80€euro/MWh would not help the EU industry – the textile sector in particular – to survive the current crisis. Indeed as early as July 2021, the wholesale gas price in the EU was below 30€/MWh. Now, the EU industry is facing gas...

Nov 23, 2022