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EU regulators outline trading risks of gas price cap
The EU's soon-to-be-launched gas price cap will change trading behaviour in potentially disruptive ways for financial stability, regional regulators have warned. In their initial assessments of the EU's so-called market correction mechanism (MCM), EU financial regulator Esma and energy regulator Acer conclude that while trading behaviour is unchanged for now, it could shift dramatically and in destabilising ways if the MCM's activation becomes imminent. The MCM, which will apply from 15 February, would be triggered if the TTF front-month derivative on the Ice Endex exchange holds above €180/MWh for three working ... (full story)