The European Union is planning urgent measures to reduce the surge in the cost of electricity. This was announced by the President of the European Commission, Ursula von der Leyen, speaking at the Bled Forum in Slovenia. “Skyrocketing electricity prices are now highlighting, for various reasons, the limitations of our current design of the electricity market” which “was developed under completely different circumstances and for completely different purposes,” said von der Leyen.
“That’s why now we are working on an emergency response and a structural reform of the electricity market “, he added.
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