Skip to content

Europe to Propose Dynamic Price Cap on Its Biggest Gas Exchange

  • EU Commission is designing measures to contain energy crisis
  • EU may oblige energy companies to jointly buy gas for storage
Bloomberg business news
WATCH: The EU plans to propose a mechanism to curb price volatility on the bloc’s biggest gas marketplace. Maria Tadeo reports.Source: Bloomberg

Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.

The European Union’s executive arm plans to propose a mechanism to curb price volatility on the bloc’s biggest gas marketplace and prevent extreme price spikes in derivatives trading to rein in the region’s energy crisis.