With the proposed prolongation of the Market Correction Mechanism (MCM) on the agenda of the upcoming TTE Energy Council on 19 December 2023, European energy exchanges call on Member States not to prolong the mechanism as it had no positive price impact and remains potentially harmful for the well-functioning of European energy wholesale markets. Also, both the supply and physical infrastructure situation in Europe has improved significantly and does not justify to continue with this (former) emergency measure.
Read our full statement below.
