Germany Readies Energy-Price Caps as Economic Pain Mounts

Western leaders are preparing for the possibility that Russian natural gas flows through the key Nord Stream pipeline may never return to full levels. WSJ’s Shelby Holliday explains what an energy crisis could look like in Europe, and how it might ripple through the world. Illustration: David Fang

BERLIN—Germany is drawing up plans to cap the price of electricity and gas that could be rolled out in the coming weeks, according to government officials.

The caps would be aimed at shielding consumers and businesses from further increases in energy prices triggered by the economic war between Russia and the West over Moscow’s invasion of Ukraine.

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