14 Dec, 23

EU Reaches Provisional Deal on Electricity Market Reform

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The European Union and the European Parliament reached on Thursday a provisional deal to reform the EU’s electricity market design to make power prices less dependent on volatile fossil fuel prices. The EU is seeking to reform the way its electricity market works to avoid a repeat of last year’s energy crisis which hit households and industries with soaring power prices. The reform is also aimed at shielding consumers from price spikes, accelerating the deployment of renewable energies, and improving consumer protection. The…

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