Today, Europex joined a broad coalition of European and international associations from across the energy and financial sectors in a joint letter to Ursula von der Leyen and António Costa ahead of the upcoming Energy Council and European Council discussions.
While the signatories fully support the EU’s efforts to ensure affordable energy and strengthen Europe’s industrial competitiveness, the letter raises serious concerns about proposals to introduce a natural gas price cap.
In global gas markets, clear price signals are essential to attract LNG supplies to Europe and allow market participants to hedge risk effectively. Artificially constraining prices risks diverting supplies to other regions, weakening Europe’s security of supply and undermining the functioning of energy markets that help protect consumers and producers from volatility.
As industry stakeholders with direct experience of these markets, the associations therefore call on policymakers to preserve market-based price formation and ensure that any consumer support measures are implemented outside the wholesale price formation process. Safeguarding well-functioning energy markets remains essential to maintaining both security of supply and affordability for European households and industries.
