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ACER Publishes First Daily Global LNG Assessment At €55.21/MWh

LNG

EU energy regulator ACER published its first daily LNG reference price on 1 Feb at €55.21/MWh as part of the EU’s gas market correction mechanism (MCM), ACER said.

  • The MCM reference price is an approximation of the price to continue importing LNG to the EU and is based on the ACER LNG price assessment and a number of other LNG price indexes.
  • The mechanism also includes a price cap for the TTF front-month contract at €180/MWh, which will start on 15 Feb.
  • TTF MAR 23 down -3.4% at 57.5€/MWh

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