Proposal for a COUNCIL REGULATION Establishing a market correction mechanism to protect citizens and the economy against excessively high prices

Summary

The European Union is facing an unprecedented energy crisis due to Russia's aggression, leading to extreme natural gas price peaks and high inflation. This proposal introduces a temporary market correction mechanism to protect the economy and citizens from excessively high gas prices by addressing shortcomings in wholesale market price formation. The mechanism is currently planned, aiming to stabilize energy markets and mitigate economic damage.

Key Facts

Source Document

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