# Council agrees a market correction mechanism on gas

Date: 2022

On 19 December 2022 energy ministers, after months of leaders’ fights [Michel](/people/charles-michel) chaired, agreed a gas market-correction mechanism. A cap is not a delivered cargo. It is a completed Council act.

## People

- Charles Michel: https://factrail.ai/people/charles-michel

## Drivers

- Energy-Price Volatility: https://factrail.ai/drivers/energy-price-volatility

## Sources

- https://www.reuters.com/business/energy/eu-agrees-gas-price-cap-2022-12-19/
- https://www.consilium.europa.eu/en/press/press-releases/2022/12/19/council-agrees-on-temporary-mechanism-to-limit-excessive-gas-prices/

## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/eu-council-gas-price-cap-2022