The Czech Presidency of the Council of the European Union suggested to Member States that minor adjustments are made to the conditions for activating gas price capping on Thursday 1 December in a first draft compromise on the ‘Market Correction Mechanism’.
Presented on 22 November (see EUROPE B13068A2), the European Commission’s legislative proposal provides for the automatic introduction of a cap for the price of gas traded on the TTF derivatives market – the benchmark generally...