In a letter sent to the President of the European Commission, Ursula von der Leyen, Executive Vice-President Teresa Ribera, and the Commissioner for Energy Dan Jørgensen, 37 MEPs from the S&D, ECR, Greens/EFA and The Left groups called on Monday 20 January for an “urgent” proposal to extend the market correction mechanism (MCM) setting a cap on gas prices.
Recently, the European Commission reaffirmed its intention not to extend this mechanism beyond 31 January 2025(see EUROPE...