EU countries approve mechanism to limit surges in gas prices for TTF

FBA
FBA “Economy Today”

On November 24, European energy ministers tentatively agreed on the introduction of a mechanism to limit intraday price fluctuations in gas derivatives under the TTF. Such information is contained in the communication of the Council of the EU.

The new measures are aimed at increasing solidarity in the event of an emergency and a shortage of gas supplies. They are also designed to improve the coordination of joint fuel purchases, limit price volatility and establish reliable benchmarks for gas prices.

Along with this, price limits are introduced for transactions that were made within one day on TTF. As stated in the message, this will avoid fluctuations in derivatives beyond the upper and lower limits of the intraday corridor of price jumps.

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