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Europe Daily Bulletin No. 13137

9 March 2023
ECONOMY - FINANCE - BUSINESS / Finance/energy
European Commission will propose to extend ‘anti-volatility’ mechanism linked to gas price capping
Brussels, 08/03/2023 (Agence Europe)

Following the entry into force of the Regulation on the ‘Market Correction Mechanism’ (MCM) capping gas prices (see EUROPE B13112A28), the European Commission will propose to set up another MCM for derivatives linked to virtual trading points in the EU other than the Title Transfer Facility (TTF).

According to a document obtained by EUROPE, the European Commission is planning to set up a MCM for other virtual trading points (VTPs) due to expire within the next month to year.

VTPs are...

Contents

SECTORAL POLICIES
ECONOMY - FINANCE - BUSINESS
EU RESPONSE TO COVID-19
Russian invasion of Ukraine
EXTERNAL ACTION
SOCIAL AFFAIRS - EMPLOYMENT
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
NEWS BRIEFS