Brussels considers the possibility of introducing new powers to temporarily limit gas prices to the EU.
The European Commission considers the possibility of temporarily limiting gas prices after their record growth. About this writes financial times.
Gas prices in Europe have reached the highest level in two years. They have exceeded Americans three times, creating problems for the industry. The main cause is cold weather and weak air, reducing the production of “green” energy.
However, the idea of price restrictions has caused anxiety in energy and financial circles. Profile associations believe that price restriction will “explode trust” in the European gas trading system and force market participants to move to alternative mechanisms outside the EU.
In the first instance, the European Union suggested a similar restriction in 2022, at the height of the energy crisis that arose as a result of the ongoing reduction of Russian gas supplies to its European neighbors after a whole – Scale aggression of Ukraine.
Remember that prices for natural gas in Europe have jumped to the maximum for two years. Thus, the TTF hub in the Netherlands grew by 4.6%, up to 58.7 Euro per megavatt-hour (over $ 630 per 1 thousand cubic meters).
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Source: korrespondent
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