A draft document, seen by Reuters, said the ministers will consider options including a price cap on imported gas, a price cap on gas used to produce electricity, or temporarily removing gas power plants from the current EU system of setting electricity prices.
"The margin requirements for futures contracts have increased commensurately with increased daily price fluctuations. This makes it almost impossible for an increasing number of companies to keep their hedging positions open, triggering their withdrawal from the futures markets," the EU document said.
Soaring European power prices in recent months have triggered margin calls, putting a liquidity squeeze on market participants.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia, West step up energy war as risk of nuclear disaster haunts UkraineRussia delays pipeline reopening in blow to Europe, as G-7 agrees on Russian oil price cap. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Britain's Truss promises immediate action on energy if appointed PMLONDON: British foreign minister Liz Truss said on Sunday (Sep 4) she would set out immediate action to tackle rising energy bills and increase energy supplies if she is, as expected, appointe
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Russia, West step up energy war as risk of nuclear disaster haunts UkraineRussia delays pipeline reopening in blow to Europe, as G-7 agrees on Russian oil price cap. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Explainer: Indonesia bites the bullet on fuel prices as subsidies soarJAKARTA: Indonesian President Joko Widodo on Saturday (Sep 3) raised some fuel prices by around 30 per cent to contain ballooning spending on energy subsidies in Southeast Asia's biggest economy.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Swiss steel mill readies for shorter hours as energy bills soar: ReportThe energy bills would cost in a month what they normally cost in a year, the report said. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »