EU prepares to intervene in electricity market

Ursula von der Leyen, President of the EU Fee, spoke concerning the power disaster in Europe on the Bled Strategic Discussion board in Slovenia.

Von compiler stated that the period of Russian fossil fuels in Europe has come to an finish and that they are going to do away with the power blackmail and defend the worldwide guidelines extra strongly.

“We’re prepared for emergency response”

Reminding that the electricity market was developed for various situations and functions, von der Leyen said that they’re getting ready for an emergency response to the European electricity market.

“We’d like a brand new market mannequin”

von der leyen, We’re at present engaged on an emergency response and structural reform of the electricity market. We’d like a brand new market mannequin for electricity that basically works and can convey us again into steadiness. he stated.

The power ministers of EU member states will maintain a rare assembly on September 9 to focus on the fast rise in gasoline and electricity costs.

Attempting to set up a typical angle

Some EU member states demand a ceiling value on pure gasoline and a change in electricity market exercise. The EU Fee is making an attempt to decide a typical stance by negotiating with the member states on this difficulty.​

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In accordance to the information of AA, in the present system, the wholesale electricity value in the EU is set by the final producer wanted to meet the whole electricity demand and often by pure gasoline energy crops that may be put into operation shortly. The fast rise in pure gasoline costs destabilized this market as nicely.

EU prepares to intervene in electricity market #2

EU prepares to intervene in electricity market #3

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