Europe
Berlin without EU billions + Metals from China + DMA
- Speeding up the reform of the electricity market
- Reconstruction fund: Germany leaves €28 billion unused
- Trade dispute with China affects important industrial metals
- DMA: Gatekeepers make themselves known
- ECJ strengthens antitrust authorities and data protection
- DIW study: Regulators must classify data more strongly as competitive advantage
- Commission wants to standardize GDPR procedural rights
- NATO: Stoltenberg extends by one year
- EU and Mercosur: Lula rejects amendment to trade treaty
- Heads: Michael Sterner – a mastermind of the energy transition
Dear reader,
It would be the epitome of speed: Negotiations in Parliament on the electricity market reform could be over as early as tomorrow – almost two weeks before the vote in the Industry Committee on July 19. At least that's what the Greens hope. But the question is whether the race beyond the fast lane won't lead to a bang on the energy markets.
The Spanish Socialists are desperate to score a success before the elections on the 23rd. Voters suffering from energy poverty are to be reassured by a profit levy on high electricity prices. If implemented incorrectly, however, this could discourage investment in renewables, which would reduce prices most sustainably.
Some people, such as Luxembourg's Claude Turmes, even see the entire domestic market threatened by the French nuclear course. Where there's a lot of nuclear power, there's no competition – again, the price-cutting renewables could end up on the hard shoulder.
One would like to wish the negotiators a not-too-cramped step on the electric pedal. They can see in real-time from their parliamentary colleagues in Berlin what kind of muddle results from overly rapid negotiations. The Bundestag also plans to pass the "heating law" on Thursday.
It would be the epitome of speed: Negotiations in Parliament on the electricity market reform could be over as early as tomorrow – almost two weeks before the vote in the Industry Committee on July 19. At least that's what...
Your
Manuel Berkel
