European Securities and Markets Authority: The gas price cap could trigger significant and abrupt changes of the broader market environment, which may impact the orderly functioning of markets.
- Jan 23, 2023, 6:00 PM CSTJoin Our Community
“It could trigger significant and abrupt changes of the broader market environment, which could impact the orderly functioning of markets, and ultimately financial stability,” ESMA was expected to say, according to the opinion seen byon natural gas to protect consumers from excessive price spikes and limit inflationary pressure and industrial damage to European economies.on a regulation that sets a so-called “market correction mechanism,” which would come into force on February 15, 2023.
“It is entirely possible that some of the potential effects in the trading and clearing environment might only unfold” after the price cap activation.Market liquidity could be reduced, says the EU authority, although significant effects could not be identified so far.
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