(ANSA) - ROME, NOVEMBER 22 - "We know that the EU pays very high prices for gas" and although prices have fallen, "we remain exposed to speculative dynamics" on energy costs.
"Ours is not a regulatory intervention to fix the price of gas but a mechanism of last resort that is triggered" under certain conditions and in any case "when the predefined price of gas exceeds 275 euros per megawatt hour for two weeks".
EU Energy Commissioner Kadri Simson said it when she announced the new legislative proposal on the price cap.
The ceiling fixed in the proposal is therefore 275 euros per megawatt hour according to the TTF index.
The price cap on gas proposed by the European Commission will be activated "when the spread between the price on the TTF and the global price of LNG is equal to or greater than 58 euros for ten days of transactions", Simson clarified, explaining that "this is the crucial condition for ensure that the "corrective" intervention on the market