The energy ministers of the EU countries decided to introduce a ceiling on gas prices on December 19. The maximum futures price should be limited to a mark equal to the average price of liquefied natural gas on the world market plus 35 euros, according to the explanations.
The price correction mechanism is valid for 20 days from the moment of activation and is automatically deactivated if the gas price falls below €180 per MWh. It can be turned off manually if the European Commission considers that there is a gas shortage on the European market that threatens the energy security of the EU.
