2022/0393(NLE)COM(2022)668

Natural Gas Market Correction Mechanism Regulation

Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

Stage: No longer in force
Procedure: Regulation · Non-legislative enactment
Lead DG: DG ENER
Commissioner: Kadri Simson
Last activity: 1 Jan 2023

7 entries · record as of 30 Sept 2026

Where it stands

Latest: Publication in the Official Journal, 29 Dec 2022.

22 Nov 2022
- Adoption by Commission
23 Nov 2022
- Discussions within the Council or its preparatory bodies
19 Dec 2022
- Discussions within the Council or its preparatory bodies
20 Dec 2022
- Discussions within the Council or its preparatory bodies
22 Dec 2022
- Adoption of the legislative act
- Discussions within the Council or its preparatory bodies
29 Dec 2022
- Publication in the Official Journal

1 act

Delegated and implementing acts beneath it

By status: 1 published.

Act	Kind	Status	Adoption
Commission Implementing Regulation (EU) 2023/736	Implementing · Regulation	Published

Titles link to EUR-Lex where the act has been published.

Summary

Generated

Council Regulation (EU) 2022/2578 establishes a temporary market correction mechanism (MCM) for TTF and other virtual trading point derivatives. It activates a dynamic bidding limit when the front-month TTF price exceeds EUR 180/MWh for three days and is EUR 35 above a reference price. The regulation applies until 31 January 2025, with Article 4 effective from 15 February 2023.

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Sources: EP Legislative Observatory · EU Law Tracker · EUR-Lex. Record as of 30 Sept 2026. Something wrong on this page? Report an error.

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