COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE AND THE COMMITTEE OF THE REGIONS Short-Term Energy Market Interventions and Long Term Improvements to the Electricity Market Design – a course for action

Summary

Europe is facing rapidly rising electricity prices, driven by high gas costs exacerbated by Russia's invasion of Ukraine, leading to significant social and economic impacts for households and industries. The European Commission proposes further short-term interventions in gas and electricity markets, alongside measures for potential disruptions and long-term improvements to the electricity market design. This plan is currently in the 'planned' stage, aiming to mitigate price volatility, ensure supply security, and accelerate the transition to a decarbonized energy system.

Key Facts

Source Document

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