BRUSSELS, Oct 4 (Reuters) – The European Fee is contemplating variations of a fuel value cap together with a attainable non permanent “versatile” restrict on the Dutch Title Switch Facility value, the EU’s head of vitality coverage stated on Tuesday.
“A technique ahead can be to think about a versatile pricing limitation in relation to the TTF in a means that continues to safe the availability of fuel, notably LNG, to Europe,” EU vitality commissioner Kadri Simson informed a European Parliament committee assembly.
Such a measure can be non permanent, whereas the EU works on an alternate value index to the TTF, Simson stated. She added {that a} broad value cap on wholesale fuel costs comes with dangers, and any market intervention would must be coupled with measures to make sure fuel demand didn’t rise because of this.
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Reporting by Kate Abnett, Marine Strauss
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