- Several EU countries proposed limiting volatility in the gas market by introducing a “dynamic price corridor” to prevent prices from going too high or too low while still ensuring Europe can purchase the gas it needs on world markets.
- The price corridor should also limit excess profits made from the energy crisis and be supported by a framework in case of potential supply disruptions, the document adds.
- The signatories maintain that the corridor must be high enough to allow the EU to attract gas and, if necessary, be flexible enough to allow transactions above the ceiling.
Four EU countries float ‘dynamic’ price corridor for gas
