The European Commission plan to propose a price cap on wholesale gas price at 275€/MWh is a bitter disappointment for the European textiles and clothing manufacturers.
Brussels, 23 November 2022 – 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…
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