So far, the ‘market correction mechanism’ (MCM) to cap gas prices at EU level in certain circumstances has not had a significant impact (positive or negative) on financial and energy markets, say preliminary reports published, on Monday 23 January, by the European Agency for the Cooperation of Energy Regulators (ACER) and the European Securities and Markets Authority (ESMA).
Given that the entry into force of the EU Council Regulation (2022/2578) establishing the mechanism coincides with...