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Here’s how the gas price cap is supposed to work

The European cap on gas trading is to apply to only part of the market, according to new key points from the Commission. In it, the executive claims the power to suspend the price limit at any time. To appease the Council, however, there are already building blocks for a legislative text.
By
Manuel Berkel
Image of Manuel Berkel

The Commission has drawn up key points for a price cap in gas trading. It is to apply to transactions concluded in the following month, based on the Dutch TTF price index. This price plays a key role as a reference on the European wholesale market for gas, writes the EU Commission in an as yet unpublished paper, which the ambassadors of the member states discussed on Wednesday and which has been made available to Europe.Table (link to the document).

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