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EC power market design ‘non-paper’ sets out path to rapid implementation

October 25, 2022 Comments Off

Reform of Europe’s power markets should focus on moving renewables to cost-reflective contracts supported by a short-term market for gas-fired power, the European Commission said in a “non-paper” sent to member states ahead of the European Energy Council Oct. 25. Member states are meeting in Brussels to discuss gas price controls, and how to limit the influence of high gas…