The G7 price cap could make the energy crisis worse

Plus, California’s power grid faces its biggest test yet.

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Energy markets are awash in risks right now, but one of the biggest comes from the price cap plan promoted by Janet Yellen’s Treasury Department and endorsed on Friday by the G7.
Energy markets are awash in risks right now, but one of the biggest comes from the price cap plan promoted by Janet Yellen’s Treasury Department and endorsed on Friday by the G7. (Foto: Kevin Lamarque/Reuters/NTB)