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Image header Agence Europe
Europe Daily Bulletin No. 13552
Contents Publication in full By article 5 / 20
SECTORAL POLICIES / Energy

European Commission reiterates that market correction mechanism capping gas prices will not be extended beyond 31 January

On Tuesday 7 December, the European Commission reiterated to the European press that it will not extend the market correction mechanism that was introduced as an emergency measure in 2022 at the height of the energy crisis (see EUROPE B13090A29).

This set a ceiling for wholesale gas prices at €180/MWh in the event of excessive increases. The regulation governing this mechanism, which came into force on 1 February 2023 for a period of one year, was extended in December 2023 for a...

Contents

POLISH PRESIDENCY OF THE COUNCIL OF THE EUROPEAN UNION
FOREIGN AFFAIRS: Ukraine, a priority for Polish Presidency of EU Council
EYCS: Polish Presidency of EU Council wants to strengthen inclusion, competitiveness and European identity
SECURITY - DEFENCE
DEFENCE: Emmanuel Macron wants to “solidify” European Political Community
INSTITUTIONAL
FUTURE OF EU: Emmanuel Macron and several counterparts to present renewed strategy for EU’s strategic autonomy, in March
SECTORAL POLICIES
ENERGY: European Commission reiterates that market correction mechanism capping gas prices will not be extended beyond 31 January
JUSTICE: intellectual property offences – Eurojust updates its analysis of case law and highlights rapid adaptation of criminal methods
MIGRATION: Emmanuel Macron reiterates his doubts about ‘innovative solutions’ to reduce irregular arrivals in EU
FISHERIES: European Commission publishes study on different scenarios for fisheries sector towards 2050
AGRICULTURE: Farm Europe evokes “three-speed EU” in terms of State aid
EXTERNAL ACTION
MYANMAR: along with nine other governments, EU calls on military regime to “defuse violence” and respect international humanitarian law
ECONOMY - FINANCE - BUSINESS
TAXATION: European Commission’s expert group recommends “building an efficient, fair, and neutral value added tax framework”
FINANCE/CLIMATE: according to Better Finance, European investors are calling for greater clarity on products dedicated to transitional activities
NEWS BRIEFS
COHESION: EU funds improve wastewater treatment systems in Croatia
NORTH KOREA: EU condemns a new ballistic missile launch which “further raises tensions on Korean Peninsula”
SOUTH KOREA: Republic of Korea joins Horizon Europe research programme under transitional agreement
ECONOMY: inflation estimated at 2.4% in December in euro area
ENERGY: EU primary energy consumption decreases almost 4% in 2023
CIRCULAR ECONOMY: one year after mandatory separate collection of bio-waste came into force, EU still not up to scratch, says Zero Waste Europe
SINGLE MARKET: European Commission consults with a view to updating rules on measuring instruments
VIETNAM: EU provides a further €15 million to support Vietnam’s sustainable energy transition