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