-
In U-turn, Germany backs swift adoption of EU power market reform
Ahead of an EU summit in Brussels, the German government signalled readiness to swiftly adopt the EU’s proposed electricity market reform, abandoning previous calls to delay decisions until after the 2024 European elections. The European Commission tabled a reform of EU electricity market rules on 14 March, seeking to reduce the impact of volatile gas prices on electricity bills and accelerate the deployment of renewables. The proposal does not question the current design of electricity markets based on short-term markets, defended by countries like Denmark, Germany and Luxembourg. France had initially called for ... (full story)