01/02/2023 (Agence Europe) – The EU Council Regulation providing for the possibility of capping gas prices in the EU through a ‘market correction mechanism’ (MCM) entered into force on Wednesday 1 February. Activation of the MCM will, however, only occur if the month-ahead derivatives price linked to the TTF - the virtual reference trading point for gas in the EU - exceeds €180/MWh for three working days and is €35 higher than a global reference price for liquefied natural gas...