Security of supply could be impacted
EU bodies issue gas price cap warnings
Two preliminary reports echo industry criticisms, although lower prices have reduced the likelihood of the mechanism being triggered
The EU’s plans to introduce a cap on TTF gas prices from 15 February have yet to result in any “significant impacts, positive or negative”, according to two of the bloc’s agencies. The European Securities and Markets Authority (Esma) and the Agency for the Cooperation of Energy Regulators (Acer) collaborated on two linked reports about the risks associated with the market cap mechanism. Both reports state that, while the plans are yet to have an impact, there could be “potential market effects in the future”. The two agencies have been tasked with responsibility for monitoring and reviewing both the markets and the functioning of the price cap, in conjunction with the European Commission. Eu
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
