EU Commissions proposes market intervention to cut power prices

Wind Industry Profile of

The Commission is proposing an emergency intervention in Europe's energy markets to tackle recent dramatic price rises. The EU is confronted with the effects of a severe mismatch between energy demand and supply, due largely to the continued weaponisation by Russia of its energy resources.

To ease the increased pressure this puts on European households and businesses, the Commission is now taking a next step in tackling this issue by proposing exceptional electricity demand reduction measures, which will help reduce the cost of electricity for consumers, and measures to redistribute the energy sector's surplus revenues to final customers. This follows on from previously agreed measures on ... More: Official Press Release European Commission

Keywords:

EU Commission, Europe, Russia, energy crisis, power, costs, energy demand, market, tackle, supply, weapon, reduction