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February 02
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The European Commission (EC) has proposed an energy market correction mechanism, proposing to introduce a gas price ceiling of €275 per MWh on the virtual hub Title Transfer Facility (TTF), European Commissioner for Energy Kadri Simson announced this on Tuesday at the European Parliament in Strasbourg.

Today, the European Commission continued its response to the ongoing energy crisis by proposing a market adjustment mechanism to protect EU businesses and households from excessively high EU gas prices. The proposed instrument consists of an insurance price ceiling of €275 for TTF derivatives for the month ahead, it noted.


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