EU agrees on temporary mechanism to limit excessive gas prices

Published 18:41 on December 19, 2022  /  Last updated at 19:02 on December 19, 2022  /  EMEA, EU ETS  /  No Comments

EU energy ministers reached a political agreement on Monday for a market correction mechanism against excessively high gas prices, ending months of wrangling over how to tackle sky-high values after Russia curbed most of its flows into the bloc.

EU energy ministers reached a political agreement on Monday for a market correction mechanism against excessively high gas prices, ending months of wrangling over how to tackle sky-high values after Russia curbed most of its flows into the bloc.

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