EU ministers debate this Thursday last resort mechanism for gas ceiling
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The European Union (EU) energy ministers are debating this Thursday the European Commission’s proposal for a last resort mechanism that will prohibit transactions from 275 euros per Megawatt-hour (MWh) on the main European natural gas exchange.

Announced on Tuesday, this proposal for a “safety ceiling” will be presented to the European ministers responsible for it by the European Commissioner for Energy, Kadri Simson, on which occasion the person in charge will explain what this market correction mechanism consists of, aimed at limiting peaks excessive gas prices.

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