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Image header Agence Europe
Europe Daily Bulletin No. 13068
Contents Publication in full By article 2 / 33
SECTORAL POLICIES / Energy

European Commission proposes to give EU ability to cap gas prices at €275/MWh in event of a sharp increase

The European Commission presented, on Tuesday 22 November, a legislative proposal to address excessive fossil gas prices by capping the settlement prices of energy derivatives traded on the Title Transfer Facility (TTF), the benchmark generally used in the EU, at €275/MWh under certain circumstances.

Scope

This cap could only apply starting from 1 January 2023 and would concern only ‘front-month’ TTF products, i.e. those with the earliest expiry date among one-month derivatives. The...

Contents

BEACONS
Beacons: Social Europe: could do better… (2/2)
SECTORAL POLICIES
ENERGY: European Commission proposes to give EU ability to cap gas prices at €275/MWh in event of a sharp increase
ENERGY: gas price capping, joint procurement and acceleration of renewable energy projects on agenda for EU ministers’ meeting
HOME AFFAIRS: for European Commission, Romania’s efforts on justice and fight against corruption justify end of special monitoring put in place in 2007
COHESION: EU Council reiterates need to maintain cohesion’s long-term objectives
DIGITAL: European Commission announces creation of European Centre for Algorithmic Transparency for DSA
DIGITAL: European Commission and ECCC launch call for expression of interest for deployment of cross-border cyber threat detection platforms
AGRICULTURE: EU ministers concerned about funding to implement nature restoration law
FISHERIES: new management method for bluefin tuna stocks validated by ICCAT
SPACE: Germany, France and Italy sign new agreement on European launchers
EUROPEAN PARLIAMENT PLENARY
EUROPEAN PARLIAMENT: European Parliament celebrates 70th anniversary
RUSSIA: political groups in the European Parliament divided over whether to label Russia a State sponsor of terrorism
BUDGET/RULE OF LAW: European Parliament calls on EU Council to adopt proposed conditionality measures against Hungary
ECONOMY: MEPs question European Commission on proposals to reform EU fiscal rules
WOMEN’S RIGHTS: ten years after being presented, ‘Women on Boards’ Directive is finally approved
HOME AFFAIRS: European Parliament validates new EU rules to strengthen resilience of EU critical infrastructure
HEALTH: European Commission and European Parliament reiterate their desire to prevent and manage diabetes in EU
RESEARCH: MEPs adopt ‘Ehler’ report condemning European Commission’s governance of EIC Fund
PALESTINE: European Parliament recommends agreement on Palestinian participation in EU programmes
FISHERIES: MEPs approve compromise text on access to waters
INTERNAL MARKET: European Parliament gives green light to interinstitutional agreement on reform of European standardisation organisations
TRANSPORT: freight and passenger transport, MEPs support ‘Dzhambazki’ report on driver qualification and training
ECONOMY - FINANCE - BUSINESS
ECONOMIC/SOCIAL: European Commission kicks off 2023 ‘European Semester’
FINANCE: ESMA calls for more transparency on use of waivers and deferrals for non-equity instruments
INSTITUTIONAL
BUDGET: EU Council approved by qualified majority compromise between institutions on 2023 budget
EXTERNAL ACTION
WEST AFRICA: ‘Accra initiative’, Charles Michel assures that EU is ‘listening’ to African leaders to help fight terrorist contagion ‘without a hidden agenda’
TRADE: EU could defend its trade interests better, according to Egmont Institute
COURT OF JUSTICE OF THE EU
TAXATION: ‘anti-money laundering’ directive, EU Court of Justice invalidates provision requiring disclosure of beneficial owners of companies
NEWS BRIEFS
STATE AID: war in Ukraine—green light for amendments to German support of up to €45 billion for businesses
ECONOMY: EU disburses €2.5 billion in macrofinancial assistance to Ukraine
DIGITAL: data flows, transparency, AI; CCIA addresses its recommendations to future Swedish Presidency of EU Council 
CIVIL PROTECTION: EU stands in solidarity with grieving Indonesia and is ready to provide assistance after Java earthquake
RESEARCH: €636 million in European funding for 408 projects by young researchers