Electricity price intervention within weeks

The EU is preparing an emergency instrument to counter the effects of high electricity prices. It should take effect within a few weeks, said Commission President Ursula von der Leyen at a discussion in Berlin yesterday evening. A deeper, structural reform of the electricity market is being prepared for the beginning of next year. The Commission intends to present a legislative proposal for a new electricity market design in 2023 as Europe.Table reported on Friday.

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