Gas price cap agreed by EU ministers with easier trigger but tougher safeguards
By Stefano Porciello ( December 20, 2022, 10:18 GMT | Insight) -- A price cap on EU gas market derivatives has been agreed by national energy ministers, who have overwhelmingly voted in favor of a compromise text after weeks of tough negotiations. The mechanism will kick in automatically if certain conditions are met, which have been loosened since the European Commission's original proposal. On the other hand, the final text strengthens safeguards allowing the mechanism to be overridden.A price cap on EU gas market derivatives has been agreed by national energy ministers, who have overwhelmingly voted in favor of a compromise text after weeks of tough negotiations....
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