Details about it “dynamic” ceiling at its price natural gas in the European Union, which is expected to be proposed by the Commission this week, Reuters reported.

In the context of efforts to wean off Russian energy, the Commission will resort to this “last resort” to contain the uncontrolled rise in energy prices.

According to the proposal seen by the agency, it will also be implemented. mandatory limitation of the range of price fluctuations per day under monthly energy contracts.

As already mentioned, the European Energy Regulators Cooperation Organization (ACER) will be responsible for defining one marginal price for liquefied natural gas (LNG) until March 23rd.

The Commission also proposes possible interventions in the Dutch TTFwhich is used as a benchmark for the formation of contracts and, ultimately, gas prices in Europe.

Ceiling conditions of last resort

Finally, how “Ultimate Remedy” The European Commission will propose to create “dynamic” market priceat which gas can be traded on the TTF spot market under certain conditions.

As stated in the draft, these measures should neither affect the reliability of supplies, nor lead to an increase in gas consumption, nor affect the operation of the energy market.

The governments of the European Union will have to agree to this particular proposal, which it won’t last more than three months. Other EU gas trading centers will be linked to the adjusted TTF spot price via a dynamic price corridor.

The commission’s draft also states that before January 31, a daily price fluctuation limit for one-month energy contracts should be set.

All of the above proposals must be approved by the member states of the European Union, which have been at an impasse for a month now regarding solutions to the energy crisis.