is to shield European consumers from the surge in energy prices they have faced since Russia invaded Ukraine, and which have helped to fuel inflation.
But he said this was no longer a "big issue", with margin calls now only "a fraction" of what they were at the end of August.The European Commission is proposing to introduce a cap to the front-month contract on Europe's main gas trading hub the Dutch Title Transfer Facility , which sets Europe's benchmark and is the market's most liquid contract. But member states disagree over the details.
"We might also trade a little bit less in the financial market than we otherwise would because the liquidity will be lower. That means the bid-ask spread will typically be higher and we will have a less well-functioning market," he said.
Price cap. That makes sense. See how long that lasts when pipelines stop flowing 🤪🤪
Nobody could have seen this coming.
We MUST pay more for gas 😂🙄