Sector Regulation Sector Regulation

Gas price cap mechanism outlined in EU Commission working document

The main elements of an EU gas price cap tool known as a “market correction mechanism” have been outlined by the European Commission in a document seen by MLex.

It should be an instrument against “excessive and episodes of extraordinarily high gas prices,” the document addressed to EU countries reads, and

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Stefano Porciello

Correspondent


Stefano is a MLex Correspondent based in Brussels covering energy and climate. Before joining MLex, he worked in communication for the Foundation for European Progressive Studies. He had previously worked as a freelancer in Italy and completed a traineeship at the European Parliament. Stefano holds a Master’s degree in International Relations and European Studies from the University of Florence.

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