Europe has seen high electricity and gas prices this summer
EU aims to reform electricity markets
European Commission is working on both an emergency intervention and long-term structural reform following high electricity prices
The European Commission is working on both an emergency intervention to alleviate high prices in EU gas and electricity markets and longer-term structural reform. The first will be delivered in a matter of weeks while the second is expected early next year, a Commission spokesman said today. Commission president Ursula von der Leyen stated yesterday that reform is needed because of recent high prices. “Skyrocketing electricity prices are exposing for different reasons the limitations of our current electricity market design,” she said. “We need a new market model for electricity that really functions and brings us back into balance.” In July 2022 the average wholesale electricity spot price
Also in this section
10 June 2025
Eni’s CCUS deal with BlackRock’s Global Infrastructure Partners reflects a growing belief among big investors in the CCUS growth story
3 June 2025
Africa faces challenges in adopting CCS but also has vast potential, with the technology being not just a climate tool but a catalyst for development
2 June 2025
Rather than a simple climate option, CCS is now being seen as a workable solution for Africa’s growth strategy
27 May 2025
EU Parliament and Council both agree to exempt bulk of importers from paying a carbon tax on goods imported into the EU
