Leaders of the European Union, meeting at a summit this week, are still unable to agree on finding solutions to limit gas prices.

The famous gas cap, which would function in the same way as the Iberian exception and is supported by some member states, remains a controversial issue. While on one hand, states in favor argue that this mechanism could be implemented quickly and would help reduce inflation; on the other hand, detractor countries, led by Germany and the Netherlands, argue that it would increase demand and make it difficult for the EU to secure gas supplies.

In light of this divide, the European Commission proposes an alternative solution: to limit the price only of the main European gas index. Although the details of its implementation are not yet known, it could be a useful solution to prevent costs from spiraling out of control.

Another common alternative could be the creation of a European energy crisis fund that promotes energy savings, provides support to industry, and helps accelerate the deployment of clean technology.