So is the gas cap.
Designed to not apply.
There was only one spike over 275 in the last 12 months and it would not have been
triggered given the conditions below.
Gas cap.....would only take effect if the contract surpasses that level (275)
and, at the same time, the difference between the cap and the global
liquefied natural gas (LNG) price exceeds 55 euros for 10 consecutive
trading days, Simson added.
Simson said the mechanism was “carefully designed to be effective, while
not jeopardising our security of supply, the functioning of EU energy markets
and financial stability”