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EU to revamp power market, aiming to blunt price spikes
The European Commission is set to propose a revamp of Europe's electricity market rules on Tuesday, aimed at expanding the use of fixed-price power contracts to shield consumers from severe price spikes like those experienced last year.
read more... 14/03/2023
EU draft shows plan for more fixed-price electricity contracts
The European Union wants to expand the use of contracts that pay power plants a fixed price for electricity, a draft proposal showed, to shield European consumers from big price swings.
read more... 08/03/2023
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How to fix an electricity market that isn’t broken
Europe is trying to answer a tricky question: how do you fix something which isn’t broken? Its electricity market is, in fact, working perfectly, but in doing so, has inflicted insufferably high prices on EU consumers.
read more... 23/02/2023
Spanish power companies to denounce ‘discriminatory’ windfall tax
The multi-billion-euro windfall tax for energy firms to offset the toll of inflation on vulnerable consumers approved last year by Madrid will be denounced by the association of large Spanish power companies (Aelec) before the European Commission.
read more... 21/02/2023
Greece cuts back energy bill subsidies citing fall in gas prices
Greece has reduced the subsidies extended to consumers grappling with high energy costs to 95 million euros ($102.9 million) in February from 840 million euros in January, the energy minister said on Tuesday, citing a fall in gas prices.
read more... 01/02/2023