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Europe Daily Bulletin No. 13078

7 December 2022
Contents Publication in full By article 15 / 37
SECTORAL POLICIES / Energy
Czech Presidency of EU Council relaxes conditions for activating gas price capping even further
Brussels, 06/12/2022 (Agence Europe)

After making hesitant adjustments to the legislative proposal on the ‘market correction mechanism’, the Czech Presidency of the Council of the European Union proposed during a meeting of national energy experts on Tuesday, 6 December, that Member States further relax the conditions for activating a cap on the price of gas negotiated on the TTF derivatives market—the benchmark for gas prices that is widely used in the EU. 

Consequently, there are several changes worth noting...

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