China’s new EU ambassador Fu Cong: building confidence for cooperation
“If the EU chooses the wrong electricity market design, investments in the transformation of the energy sector could collapse for years,” warns Kristian Ruby. In an interview with Manuel Berkel, the secretary general of Eurelectric argues for more care in reforming the electricity market and explains what long-term electricity contracts would mean for industry and private households.
Elon Musk sees himself as the savior of freedom of expression on Twitter. But what currently happens on the platform has little to do with that. Twitter recently blocked journalists’ accounts and banned links to other platforms. Brussels now harshly criticizes this as well. “There are red lines. And sanctions, soon,” wrote Commission Vice President Věra Jourová (on Twitter, of course). But the EU currently has hardly any instruments to rein in Musk, as Falk Steiner reports.
Fu CongisChina’s new EU ambassador. In his first public opinion piece since arriving in Brussels, he looks ahead to relations between the EU and the People’s Republic. He said the meeting between China’s President Xi and EU Council President Michel was a “positive signal” for future cooperation and he wanted to advance the common interests of both sides in Belgium.
Your Sarah Schaefer
Kristian Ruby: ‘Wrong electricity market design is a big risk’
Member states are urging the Commission to reform the electricity market due to increased energy prices. In an interview with Manuel Berkel, the Secretary General of Eurelectric, Kristian Ruby, talks about the most pressing demands for the current consultation and the importance of longer electricity contracts for industry and private households.
Mr. Ruby, can the EU make the electricity market “fully fit for a decarbonized energy system” in just a few months, as the heads of state and government call for?
The EU should distinguish between crisis measures and a new electricity market design. I think the idea of solving the price problem for the next few winters with a structural reform of the electricity market is a wrong approach.
Many European governments want to decouple the price of electricity from the rapidly rising gas price. Is that not understandable from the point of view of industry and consumers?
Continue reading now
… and get free access to this Professional Briefing for a month.