BRUSSELS, Oct 4 (Reuters) – The European Fee is contemplating variations of a gasoline worth cap together with a potential short-term “versatile” restrict on the Dutch Title Switch Facility worth, the EU’s head of power coverage stated on Tuesday.
“A technique ahead could be to think about a versatile pricing limitation in relation to the TTF in a manner that continues to safe the provision of gasoline, notably LNG, to Europe,” EU power commissioner Kadri Simson instructed a European Parliament committee assembly.
Such a measure could be short-term, whereas the EU works on an alternate worth index to the TTF, Simson stated. She added {that a} broad worth cap on wholesale gasoline costs comes with dangers, and any market intervention would have to be coupled with measures to make sure gasoline demand didn’t rise because of this.
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Reporting by Kate Abnett, Marine Strauss
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