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EU Gas Price Cap Having Little Impact on Markets, Regulator Says

From bnnbloomberg.ca

The European Union’s planned temporary natural gas price cap hasn’t affected markets so far, according to the bloc’s energy regulator, clearing an obstacle to the mechanism’s implementation next month. The Agency for the Cooperation of Energy Regulators said that the agreement struck last month to cap extreme market prices coincided with a time when the cost of gas was already falling, according to the preliminary analysis published Monday. ACER is due to release a full report at the start of March. “So far, ACER has not identified significant impacts (positive or negative) that could be unequivocally and directly ... (full story)

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  • Category: Fundamental Analysis