Energy price caps ‘divide economists’ as Davos 2023 opens


Energy price caps continue to split chief economists down the middle but there is unanimity for better energy efficiency in the long term, according to a new survey and outlook from the World Economic Forum’s Centre for the New Economy and Society.

The EU gas price cap, as well as a G7 oil price cap, were approved in December and it will be ‘some months’ before there is clear evidence as to their effectiveness.

The equal split is ‘unsurprising’ given the intensity of debate that has surrounded the introduction of a price cap for gas in the EU, including concerns about its potential
implications for the financial stability of the Eurozone.

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