- The European Commission put forward proposals on Tuesday (18 October) to introduce a dynamic price ceiling for gas imported in the EU, but left the details of how this should be done for later, saying it first needs input from member states.
- The upper price limit, which is still to be defined, would be temporary until the EU puts together a new price index to complement the TTF which better reflects the growing importance of liquified natural gas (LNG) on the EU market.
- Tuesday’s plan also includes proposals to have at least 15% of the bloc’s gas storage filled by joint purchases ahead of Spring 2023 and a mandatory solidarity mechanism for gas sharing between EU countries during times of emergency.
EU tables ‘dynamic price limit’ for gas, new solidarity measures in energy crisis
