Nine EU member states have announced that they are against reviewing the EU’s electricity market in return for higher energy prices.
Germany, the Netherlands, Austria, Luxembourg, Denmark, Finland, Estonia, Ireland, and Latvia published a joint letter.
-Advertisement-
And it was before the meeting of the energy ministers of the European Union member states to discuss the rise in energy prices in Luxembourg tomorrow.
They pointed out in the speech that the rise in energy prices is global, and also affects the European Union countries.
In the letter, it was mentioned that the increase particularly affected low-income earners and small and medium-sized businesses.
It was emphasized that the EU Commission’s package of measures that member states could implement in line with EU law against increased energy, and prices were welcome.
-Advertisement-
It was emphasized in the letter that the current increase in energy prices depends on the global economic recovery and the supply and demand factors of fossil fuels.
It was stated that “EU energy market design or climate policies” were not responsible for the increase.
The letter, which stated that energy prices are expected to return to their average levels in the spring.
It was emphasized that the EU gas and electricity markets had been built up gradually and over many years, and that intervention should be considered in the design of energy markets.
-Advertisement-
It was noted in the letter that the increase in energy prices was caused by the fossil fuel markets.
And it is not possible to support the reform of the natural gas and electricity market in the European Union against this situation.
Countries such as France, Spain, Greece, the Czech Republic, and Romania argue that the EU’s natural gas and electricity markets should be reformed, and the prices of resources in electricity generation should be separated.
Natural gas power plants also set wholesale electricity prices in the European Union
In the current system, the wholesale price of electricity in the EU is determined by the final generator needed to meet the total electricity demand, usually by natural gas power plants.
-Advertisement-
In the winter months, the demand for natural gas in European countries is expected to increase further, and electricity prices are expected to rise even more.
In Europe, consumers are complaining about the high prices of natural gas and electricity.
