Law against high electricity prices coming in 2023

The European Commission wants to take faster and broader action against high electricity prices than previously known. A spokesperson for Energy Commissioner Kadri Simson announced concrete steps for a new electricity market design on Thursday in response to a question from Europe.Table: “We plan to launch a broad public consultation in the fall, based on an initial impact assessment setting out the main issues and objectives. This will allow us to present a legislative proposal next year.”

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