Easiest fix for Europe’s power market is to do little, study finds

France Nouvelles Nouvelles

Easiest fix for Europe’s power market is to do little, study finds
France Dernières Nouvelles,France Actualités

The EU should make only small changes to better protect consumers and integrate renewables. Read more at straitstimes.com.

  • 📰 STForeignDesk
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 71%

BERLIN – Europe, for months planning a major overhaul of its power markets as a historic energy crisis rattles the economy, may find the best fix would be to let things largely remain as they are, according to a new study.

The bloc is planning to present market reform ideas in the first quarter of 2023. Russia’s deep cuts in natural gas supply to Europe have laid open the continent’s vulnerabilities and caused prices to spike, in the process driving up power rates to record levels this year. Instead, policymakers should focus on improving cross-border energy flows, increasing flexibility and bring better hedging opportunities. At present, consumers do not fully profit from the low cost of renewables, and power prices are oriented toward short-term markets, the study said.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

STForeignDesk /  🏆 4. in FR
 

France Dernières Nouvelles, France Actualités



Render Time: 2025-01-19 08:34:38