EU's plan for high gas prices
EU TTF price cap proposals stoke alarm
The bloc’s plans are intended to shield consumers from high gas prices but have been criticised as unlikely to benefit end-users and for posing significant additional risks
Market participants have warned of unintended consequences for risk management and security of supply stemming from EU proposals to cap front-month TTF gas prices at €275/MWh ($290/MWh). The plans have also faced stiff criticism from some politicians, warning the suggested price ceiling is too high to protect end-users. The EU has proposed the “gas market correction mechanism” as a temporary measure, but the bloc’s energy ministers have yet to come to an agreement. “Many [ministers] supported the objectives of the proposals,” an energy council statement confirms, “while indicating that the conditions for activating the mechanism were too strict”—specifically that a €275/MWh ceiling is too hi
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