The EU’s Latest Plan For A Natural Gas Price Cap

The European Commission is weighing a proposal to set a price cap for natural gas at the Title Transfer Facility (TTF) hub in the Netherlands, the European benchmark, in a bid to contain the energy crisis, Bloomberg reported on Wednesday, citing a document the Commission had circulated among member states on Tuesday. The Commission could be looking to set exact parameters under which the mechanism for the price cap would enter into force. This, if proposed and adopted, would only be a temporary measure and could be suspended at any time if the…