Today, EU energy ministers are gathering in Brussels for a (last?🙏) #Energy Council with a very busy agenda 👇
They must reach a deal on the TTF gas #priceCap (so-called ‘market correction mechanism’) "I sincerely hope that this is definitely the last energy council under the 🇨🇿Presidency. We have to agree on a mechanism which would prevent the European households and businesses from high gas price spikes as we have seen during last summer", says @JozefSikela at his arrival

#EnergyCrisis. Tomorrow, @EU_Commission will present a new package of emergency measures to deal with high energy prices. @AgencEurope got the leaks of the communication and the proposal for a Council regulation. According to these documents, Commission intends to propose:
(1/7) -a new complementary price benchmark for LNG before the next filling season (early 2023)
-(in the meantime) a temporary mechanism to limit prices via the TTF. When triggered, this mechanism would establish a dynamic price limit for transactions on the #TTF
(2/7)