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The announcement of a price cap alone has no effect on wholesale prices. (Image: EEX)
Paris/Ljubljana (energate) - The binding announcement of a price cap for the European wholesale market alone has not yet had any impact on prices and market organisation. This was stated by the European Securities and Markets Authority Esma and the European regulatory agency Acer in their preliminary assessments of the effects of the price cap. From 1 February 2023, a European regulation will come into force for one year, in which a market correction mechanism will be introduced ...
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