Explainer: Europe gets ready to revamp its electricity market

  • 📰 Reuters
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

European Union energy ministers meet to debate upcoming power market reforms. Brussels is set to propose the revamp next month, but already countries are split over how to ‘fix’ the energy system - or whether it needs fixing at all

Spain, France and Greece are among those seeking a deep reform.

Similarly, France suggests requiring energy suppliers to sign long-term, fixed-price contracts with power generators - either through a CfD, or a private Power Purchase Agreement between the parties. Those countries support only limited tweaks, such as making it easier for consumers to choose between fluctuating and fixed-price power contracts.The Commission initially pitched the reform as a chance to "decouple" gas and power prices in Europe, suggesting a redesign of the current system of setting power prices. But EU officials say Brussels now appears to be leaning towards more modest changes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Vassals burn candles. NordstreamSabotage

CyrilRamaphosa _AfricanUnion Recently China & US announced breakthroughs in nuclear fusion. EU is revamping its energy market. Africa is struggling with fossil fuels & will become powerless before current greentech makes a dent. We risk becoming completely dependent on others.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines