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

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price plays a key role as a reference on the European wholesale market for gas, writes the EU Commission in an as yet unpublished paper, which the ambassadors of the member states discussed on Wednesday and which has been made available to Europe.Table (link to the document).

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