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The proposed instrument consists of a safety price ceiling of €275 on the month-ahead #TTF derivatives.
The mechanism is carefully designed to be effective, while not jeopardising our #securityofsupply, the functioning of #EU #energy markets & financial stability.
🐦🔗: https://nitter.eu/KadriSimson/status/1595097728232689673
You can find out more about the market correction mechanism we presented here👇
https://ec.europa.eu/commission/presscorner/detail/en/ip_22_7065
It is not a silver bullet, but it provides us a powerful tool we can use when we need it!
🐦🔗: https://nitter.eu/KadriSimson/status/1595097730606862341