The European Energy Exchange (EEX) fully supports the call of the Association of European Energy Exchanges (Europex) against a gas price cap as outlined in the Commission’s informal policy paper dated 15 November 2022.
In the letter, the association emphasises that energy derivatives such as the TTF front-month futures contract, are a crucial tool for producers and consumers to hedge against the risk of changes in future spot prices. Setting a maximum price ceiling to the TTF front-month contract undermines this function, while posing threats to financial stability and security of supply. Evaluation of these risks needs to take place prior to the application of a price cap.
Find the Europex letter here: Letter on the proposed market correction mechanism – Europex
The European Energy Exchange (EEX) is the leading energy exchange in Europe which develops, operates and connects secure, liquid and transparent markets for energy and related products. As part of EEX Group, a group of companies serving international commodity markets, EEX offers contracts on Power, Natural Gas and Emission Allowances as well as Freight and Agricultural Products. EEX also provides registry services as well as auctions for Guarantees of Origin, on behalf of the French State. https://www.eex.com
Contact:
EEX Public Relations
T +49 341 2156-216
presse@eex.com | www.eex.com