✔ Activation of the price cap
The market correction mechanism will be automatically activated if the following 'market correction event' occurs:
The mechanism will apply as of 15 February 2023. The Agency for the Cooperation of Energy Regulators (ACER) will constantly monitor the markets and if it observes that a market correction event has occurred, it will publish a 'market correction notice' on its website.
While the mechanism is active, transactions concerning the natural gas futures that are within the scope of the MCM above a so-called 'dynamic bidding limit' will not be allowed to take place.
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