23 Jan 2023 | 16:48 UTC

Infographic: European energy crisis intervention tracker

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The EU's new gas market correction mechanism could impact financial and energy markets in future, European regulators said Jan. 23.

Energy ministers agreed the mechanism in December – the latest in a string of market interventions aimed at limiting the damage of unsustainable wholesale energy costs.

This infographic captures the major decisions taken so far.

Click to see the full size (latest update January 2023)

European power prices fell heavily in late August after European Commission President Ursula von der Leyen announced plans for an emergency intervention in electricity markets. This was the latest intervention in a long sequence of policy measures aimed at limiting the damage of unsustainable wholesale energy costs. This infographic captures the major decisions taken so far.