The Agency for the Cooperation of Energy Regulators (ACER) and the European Securities and Markets Authority (ESMA) published on Wednesday 1 March their respective final assessment report on the effects of the introduction of the ‘Market Correction Mechanism’ (MCM) aimed at capping the price of gas at EU level.
As gas prices were significantly lower in February than in the second half of 2022, the two agencies did not find that the adoption of the MCM had significant impacts on energy...