EU's plan for high gas prices
EU TTF price cap proposals stoke alarm
The bloc’s plans are intended to shield consumers from high gas prices but have been criticised as unlikely to benefit end-users and for posing significant additional risks
Market participants have warned of unintended consequences for risk management and security of supply stemming from EU proposals to cap front-month TTF gas prices at €275/MWh ($290/MWh). The plans have also faced stiff criticism from some politicians, warning the suggested price ceiling is too high to protect end-users. The EU has proposed the “gas market correction mechanism” as a temporary measure, but the bloc’s energy ministers have yet to come to an agreement. “Many [ministers] supported the objectives of the proposals,” an energy council statement confirms, “while indicating that the conditions for activating the mechanism were too strict”—specifically that a €275/MWh ceiling is too hi
Also in this section
29 April 2026
The UAE’s exit from the alliance marks a decisive step towards a world in which oil markets are shaped less by collective management and more by national strategy
29 April 2026
Trafigura’s $1b prepayment agreement confirms African resource holders’ renewed interest in oil-backed financing deals as they look to capitalise on high oil prices
29 April 2026
The UAE’s departure from the oil producers’ group was a surprise to many, but the move can be traced back to a single point five years ago
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
