EU offers options to regulate energy market | Europe

(Photo: AFP/VNA)

European Union (EU) is preparing regulatory proposals energy marketwhich tries to minimize the impact of fossil fuel price fluctuations on the electricity bills of consumers in the bloc.

The plan is intended to avoid a repeat of last year’s situation, when disruptions to gas supplies from Russia sent electricity prices in European countries to record highs, making it difficult for households and forcing some industries. business must close.

In a public consultation session conducted on January 23, the European Commission (EC) presented several options to regulate the way power plants sell electricity, part of a market reform plan that EC will propose next March.

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The EU High Commissioner for Energy, Kadri Simson, said: “We need to design the electricity market for the future, allowing for the distribution of the benefits of clean and affordable energy. to everyone.”

Ms. Simson emphasized that the EU’s proposal would expand the implementation of long-term power supply contracts with fixed prices, thereby helping to create a “buffer zone” for energy consumers against price fluctuations. in the short-term energy market, helping to stabilize the energy bills of households as well as businesses.

Among the options offered are calling for more public contractors to participate in renewable energy projects, setting out common EU rules on types of long-term contracts and allowing member states to be applied flexibly, or require all new state-supported power plants to sign the above contracts.

Phuong Ha (VNA/Vietnam+)

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