Meeting in Brussels on Thursday 15 December, the EU27 Heads of State or Government of the Member States of the European Union decided to leave it to their energy ministers to set the parameters for the gas price cap (‘market correction mechanism’), setting a deadline for their next meeting on Monday 19 December.
The European Council “invites the Council (of the EU) to finalise, on 19 December 2022, its work on (...) a Council Regulation establishing a market correction...